Within 3 Years RussNeft Plans to Take up Nearly a Quarter of Moscow’s Retail Market

As President of the company Mikhail Gutseriev said Monday at a press-conference inMoscow, that was how the company was going to raise its presence at the metropolitan market by 25%. “That will be sufficient for us, we won’t go any further,” said he.

Currently the company owns about 35 ground areas for construction of retail outlets. Moreover, RussNeft keeps buying up such areas for construction of more retail outlets.

M.Gutseriev informed that approximately in a year RussNeft would begin to reequip retail network Orenburgnefteprodukt comprising nearly 100 gas-filling stations which the company had bought in December 2005 from TNK-BP.

The head of RussNeft also said the company was not interested in selling the franchise to operate its gas-filling stations under its brand. “Why? We don’t have this in mind. We are building our own retail outlets,” said he.