Rosneft Forms 2 New Subsidiaries

On August 20, 2008, Rosneft established two wholly owned specialized subsidiaries -- RN-Uchet and RN-Stroy.

RN-Uchet will run accounting within Rosneft group of companies while RN-Stroy will manage the construction subsidiaries of Rosneft. Both companies were established with the goal to better optimize Rosneft’s organization structure and business processes.

In 2006-2007, Rosneft established similar subsidiaries RN-Burenie, RN-Service and RN-Energo that currently manage drilling, service and power generation and distribution activities.


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