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Rusneftegaz
Rusneftegaz () is a Russian oil company headquartered in Moscow, specializing in the extraction, production, and sale of petroleum and petroleum products. As of 2021, Rusneftegaz is the largest privately owned oil company in Russia in terms of revenue and petroleum production, extracting 6.06 million barrels in 2020. While the majority of Rusneftegaz’s oil earnings are derived from upstream and midstream sales within Russia, the company also maintains small-scale operations internationally. The name Rusneftegaz is a portmanteau of the Russian words ''Russkoye neftegaz'' (Russian: ''Русское нефтегаз - Russian oil and gas)''. History Rusneftegaz was originally founded following the dissolution of the Soviet Union, in the period after the privatization of the Russian petroleum industry began in 1994. Whilst Rusneftegaz did not participate in the auctions for the assets of formerly state-owned enterprises, by the late 1990s Rusneftegaz owned a number of oil p ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Petroleum Industry In Russia
The petroleum industry in Russia is one of the largest in the world. Russia has the largest reserves and is the largest exporter of natural gas. It has the second largest coal reserves, the sixth largest oil reserves, and is one of the largest producers of oil. It is the fourth largest energy user. Russia produced an average of of oil per day in December 2015.Russia continues to post record oil production Retrieved on 8 January 2016 In 2009, it produced 12% of the world's oil and had a similar share of global oil exports.Key World Energy Statistics. 2006 Edition , |
Private Company
A privately held company (or simply a private company) is a company whose shares and related rights or obligations are not offered for public subscription or publicly negotiated in the respective listed markets, but rather the company's stock is offered, owned, traded, exchanged privately, or Over-the-counter (finance), over-the-counter. In the case of a closed corporation, there are a relatively small number of shareholders or company members. Related terms are closely-held corporation, unquoted company, and unlisted company. Though less visible than their public company, publicly traded counterparts, private companies have major importance in the world's economy. In 2008, the 441 list of largest private non-governmental companies by revenue, largest private companies in the United States accounted for ($1.8 trillion) in revenues and employed 6.2 million people, according to ''Forbes''. In 2005, using a substantially smaller pool size (22.7%) for comparison, the 339 companies on ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Auctions
An auction is usually a process of buying and selling goods or services by offering them up for bids, taking bids, and then selling the item to the highest bidder or buying the item from the lowest bidder. Some exceptions to this definition exist and are described in the section about different types. The branch of economic theory dealing with auction types and participants' behavior in auctions is called auction theory. The open ascending price auction is arguably the most common form of auction and has been used throughout history. Participants bid openly against one another, with each subsequent bid being higher than the previous bid. An auctioneer may announce prices, while bidders submit bids vocally or electronically. Auctions are applied for trade in diverse contexts. These contexts include antiques, paintings, rare collectibles, expensive wines, commodities, livestock, radio spectrum, used cars, real estate, online advertising, vacation packages, emission trading ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Northwestern Federal District
Northwestern Federal District,, ''Severo-Zapadny federalny okrug'' is one of the federal districts of Russia, eight federal districts of Russia. It covers most of Northwest Russia. Its population was 13.6 million, of which 83.5% was urban, living in an area of , according to the Russian Census (2010), 2010 Census. The current Envoy to the Northwestern Federal District is Alexander Gutsan, who was appointed to the post after previously serving as Deputy Prosecutor General. He replaced former Envoy Alexander Beglov, who was removed from the position and made acting Governor of Saint Petersburg. Demographics Federal subjects The district comprises the Northern economic region (Russia), Northern, Northwestern economic region, Northwestern and Kaliningrad economic region, Kaliningrad economic regions of Russia, economic regions and eleven federal subjects of Russia, federal subjects: Presidential plenipotentiary envoys # Viktor Cherkesov (18 May 2000 – 11 March 2003) # Valenti ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Subsidiary
A subsidiary, subsidiary company or daughter company is a company owned or controlled by another company, which is called the parent company or holding company. Two or more subsidiaries that either belong to the same parent company or having a same management being substantially controlled by same entity/group are called sister companies. The subsidiary can be a company (usually with limited liability) and may be a government- or state-owned enterprise. They are a common feature of modern business life, and most multinational corporations organize their operations in this way. Examples of holding companies are Berkshire Hathaway, Jefferies Financial Group, The Walt Disney Company, Warner Bros. Discovery, or Citigroup; as well as more focused companies such as IBM, Xerox, and Microsoft. These, and others, organize their businesses into national and functional subsidiaries, often with multiple levels of subsidiaries. Details Subsidiaries are separate, distinct legal entities f ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Holding Company
A holding company is a company whose primary business is holding a controlling interest in the securities of other companies. A holding company usually does not produce goods or services itself. Its purpose is to own shares of other companies to form a corporate group. In some jurisdictions around the world, holding companies are called parent companies, which, besides holding stock in other companies, can conduct trade and other business activities themselves. Holding companies reduce risk for the shareholders, and can permit the ownership and control of a number of different companies. ''The New York Times'' also refers to the term as ''parent holding company.'' Holding companies are also created to hold assets such as intellectual property or trade secrets, that are protected from the operating company. That creates a smaller risk when it comes to Lawsuit, litigation. In the United States, 80% of stock, in voting and value, must be owned before tax consolidation benefits s ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Restructuring
Restructuring is the corporate management term for the act of reorganizing the legal, ownership, operational, or other structures of a company for the purpose of making it more profitable, or better organized for its present needs. Other reasons for restructuring include a change of ownership or ownership structure, demerger, or a response to a crisis or major change in the business such as bankruptcy, repositioning, or buyout In finance, a buyout is an investment transaction by which the ownership equity of a company, or a majority share of the stock of the company is acquired. The acquiror thereby "buys out" the present equity holders of the target company. A buyout .... Restructuring may also be described as corporate restructuring, debt restructuring and financial restructuring. Executives involved in restructuring often hire financial and legal advisors to assist in the transaction details and negotiation. It may also be done by a new CEO hired specifically to make the d ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Divestment
In finance and economics, divestment or divestiture is the reduction of some kind of asset for financial, ethical, or political objectives or sale of an existing business by a firm. A divestment is the opposite of an investment. Divestiture is an adaptive change and adjustment of a company's ownership and business portfolio made to confront with internal and external changes. Motives Firms may have several motives for divestitures: # a firm may divest (sell) businesses that are not part of its core operations so that it can focus on what it does best. For example, Eastman Kodak, Ford Motor Company, Future Group and many other firms have sold various businesses that were not closely related to their core businesses. # to obtain funds. Divestitures generate funds for the firm because it is selling one of its businesses in exchange for cash. For example, CSX Corporation made divestitures to focus on its core railroad business and also to obtain funds so that it could pay off some ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sheremetyevo International Airport
Sheremetyevo Alexander S. Pushkin International Airport ( rus, links=no, Международный аэропорт Шереметьево имени А. С. Пушкина, p=ʂɨrʲɪˈmʲetʲjɪvə ''Mezhdunarodny aeroport Sheremetyevo imeni A. S. Pushkina'') is one of four international airports that serve the city of Moscow. It is the busiest airport in Russia, as well as the second-busiest airport in Europe. Originally built as a military airbase, Sheremetyevo was converted into a civilian airport in 1959. The airport was originally named after a nearby village, and a 2019 contest extended the name to include the name of the Russian poet Alexander Pushkin. The airport comprises six terminals: four international terminals (one under construction), one domestic terminal, and one private aviation terminal. It is located northwest of central Moscow, in the city of Lobnya, Moscow Oblast. In 2017, the airport handled about 40.1 million passengers and 308,090 aircraft movem ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
International Industrial Bank
International Industrial Bank (in Russian: Международный Промышленный Банк, often abbreviated as Mezhprombank, Межпромбанк, or MPB, МПБ) is one of the largest Russian banks founded in 1992 by Sergey Pugachyov and Sergey Veremeenko. On July 6, 2010, IIB failed to pay €200 million in maturing eurobonds. The bank is in discussions with bondholders, the Central Bank of Russia, and depositors to stabilize its deteriorating liquidity position. On 30 November 2010, a Moscow court declared the bankruptcy and the insolvency of this bank. In 2006, the bank uncovered that OPK Trust Company based in New Zealand owns 100 percent share of it. OPK Trust Company is controlled by Sergey Pugachyov. On November 26, 2001, Novaya Gazeta published an article by Oleg Lurie claiming that the management of the bank had been involved in money laundering in the Bank of New York. The International Industrial Bank in response brought a libel suit against the new ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ingosstrakh
IPJSC Ingosstrakh (Russian: СПАО «Ингосстра́х») is one of the major insurance companies of Russia, insurance public joint-stock company. Headquartered in Moscow, Russia. Ingosstrakh is the legal successor of the Chief Agency of Foreign Insurance of the USSR founded in 1947. In 1972 transformed to the stock company (100% government shares) and in 1992 it went private. The first subsidiary foreign companies were established in London in 1924 – Blackbalsea and in Hamburg in 1927. Four representative offices of Ingosstrakh operate in the foreign countries – Azerbaijan, Kazakhstan, India and China. In 2007, PPF Beta Ltd, managed by the Czech group PPF Investments, became one of the owners of Ingosstrakh. In January 2007 the PPF Group together with the large global insurer Generali (Italy) created the holding company Generali PPF Holding to develop the insurance operations in the countries of Eastern and Central Europe. All PPF insurance assets in Russia were t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Consortium
A consortium (plural: consortia) is an association of two or more individuals, companies, organizations or governments (or any combination of these entities) with the objective of participating in a common activity or pooling their resources for achieving a common goal. is a Latin word meaning "partnership", "association" or "society", and derives from ("shared in property"), itself from ("together") and ("fate"). Examples Educational The Big Ten Academic Alliance in the Midwest and Mid-Atlantic U.S., Claremont Colleges consortium in Southern California, Five College Consortium in Massachusetts, and Consórcio Nacional Honda are among the oldest and most successful higher education consortia in the World. The Big Ten Academic Alliance, formerly known as the Committee on Institutional Cooperation, includes the members of the Big Ten athletic conference. The participants in Five Colleges, Inc. are: Amherst College, Hampshire College, Mount Holyoke College, Smith College, a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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