“Rosneft” has responded to claims by Kadyrov

“Rosneft” has responded to claims by Kadyrov

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Photo: Nikita Popov / RBC

Rosneft said the statement of Ramzan Kadyrov about the fact that the company unfairly applies to the Republic, is seriously overstating their assets in the region. Earlier, Kadyrov has promised to get justice in this matter

“The valuation of assets was made to a respected company by PwC and fully corresponds to their market value,” said RBC representative of “Rosneft” Mikhail Leontyev. The approaches to the sale of assets approved by the government and the President of Russia, he recalled.

“We are deeply sympathetic to the fact that Ramzan Akhmatovich refers to the social problems of Chechnya, but we have no right to discount the value of assets to the detriment of our shareholders. We are constantly in constructive engagement with the leadership of Chechnya and seek a constructive solution, but in the framework of our possibilities”, — said Leontiev.

Previously Kadyrov in interview to TV channel “Russia 24” stated that the management of “Rosneft” unjustly applies to Chechnya. The appointment by the company the price is 12.5 billion rubles for their assets in the region (51% in the “Grozneftegaz” and other property) he called ridiculous. “They think I don’t even know,” — said Kadyrov.

The head of Chechnya noted that the oil industry is currently “dead”, the oil production does not exceed 500 thousand tons per year, and “Rosneft” does not fulfill the President’s promises on the construction of oil refinery (refinery). He underlined that the Republican authorities have allocated land for the construction of the refinery and created the necessary infrastructure, and the management of “Rosneft” from the site refused.

“Came a new head of “Rosneft” and froze the whole topic. Such an attitude to us is unfair, we will seek justice”, said Kadyrov.

In December 2015, it became known that President of Russia Vladimir Putin supported the proposal to transfer Kadyrov Chechnya is owned by the government and controlled “Rosneft” enterprise “Chechenneftekhimprom” (CNHP). “Rosneft” has offered the scheme of transfer of the property. According to her, Chechnya needs to obtain a controlling stake of “Grozneftegas” (“daughter” of “Rosneft”, which works on the leased assets CNHP) and other property of the company in exchange for the payment of “Rosneft” to 12.5 billion rubles.

In early March, 2017, a source familiar with the negotiations “Rosneft” and the leadership of Chechnya, told TASSthat the parties have not reached agreement. According to the interlocutor, Chechnya took time to reflect on the proposal, as it believes the valuation of the assets of 12.5 billion rubles is too high.

As for the refinery, mentioned by Kadyrov, the management of “Rosneft” is unprofitable acknowledged his recovery in Grozny and offered instead to build a bitumen plant.