Russneft is a Russian

Russia

Russia or , officially known as both Russia and the Russian Federation , is a country in northern Eurasia. It is a federal semi-presidential republic, comprising 83 federal subjects...

 oil refining company and one of the largest producers of oil products in the country.

The company operates two refineries in Orsk

Orsk

Orsk is the second largest city in Orenburg Oblast, Russia, located on the steppe about southeast of the southern tip of the Ural Mountains. The city straddles the Ural River. Since this river is considered a boundary between Europe and Asia, Orsk can be said to lie in two continents. It is...

 and Krasnodar

Krasnodar

Krasnodar is a city in Southern Russia, located on the Kuban River about northeast of the Black Sea port of Novorossiysk. It is the administrative center of Krasnodar Krai . Population: -Name:...

, which have a combined capacity of 217000 oilbbl/d, as well as 100 petrol stations. Russneft is also an oil producer, having supplied in 2008 around 14 million tonnes of crude oil, with recoverable reserves of 1.1 Goilbbl of oil and 978 Gcuft of natural gas

Natural gas

Natural gas is a naturally occurring gas mixture consisting primarily of methane, typically with 0–20% higher hydrocarbons . It is found associated with other hydrocarbon fuel, in coal beds, as methane clathrates, and is an important fuel source and a major feedstock for fertilizers.Most natural...

. It also owns an oil terminal

Oil depot

An oil depot is an industrial facility for the storage of oil and/or petrochemical products and from which these products are usually transported to end users or further storage facilities...

 with a transit capacity of 7 million tonnes per year.

In addition, Russneft holds a controlling stake in Slavneft, which owns the Mozyr Refinery in Belarus

Belarus

Belarus , officially the Republic of Belarus, is a landlocked country in Eastern Europe, bordered clockwise by Russia to the northeast, Ukraine to the south, Poland to the west, and Lithuania and Latvia to the northwest. Its capital is Minsk; other major cities include Brest, Grodno , Gomel ,...

 with a capacity of 95000 oilbbl/d, and the YaNOS Yaroslavl Refinery with a capacity of 132000 oilbbl/d.

In May 2010, the company's major shareholder Mikhail Gutseriyev

Mikhail Gutseriyev

Mikhail Safarbekovich Gutseriyev is a Russian entrepreneur and previous president of Russneft, a Russian oil company.- Early life :Gutseriyev was born into a family with many children in Tselinograd, in the then-Soviet Republic of Kazakhstan...

 announced that Russneft and Bashneft

Bashneft

Bashneft is a Russian oil company. It is one of the largest producer of oil products in the country. The company operates 140 oil and natural gas fields in Russia and has an annual oil production of 16 million tonnes. Bashneft owns three oil refineries located in Ufa with a combined capacity of ...

will merge in two or three years.