By Country / Russia
Russia's Rosneft Confirms IPO Plans
June 12, 2006
Drilling at Rosneft's Vankop oil field in Taimur (file photo) (ITAR-TASS)
The company hopes to raise up to $10 billion with the IPO, which will begin in mid-July.
Rosneft became the third biggest Russian oil company after it acquired the largest production unit of the embattled Yukos oil company in a controversial auction.
(Interfax, ITAR-TASS, AP)