Russneft OJSC is an oil company based in the Russian Federation. It was founded in 2002 by businessman Mikhail Gutseriev and is headquartered in Moscow, Russia. The main products and services offered by Russneft include exploration, production, and refining of crude oil and natural gas.

The company has a diversified portfolio of assets, including oil and gas fields, refineries, and gas processing plants. Russneft also operates in the retail sector, with a network of fuel stations across Russia. On a global scale, Russneft has operations mainly within Russia.

However, it has also gained a presence in other countries such as Belarus and Ukraine through partnerships and joint ventures. Notably, the company has a joint venture project with China's Sinopec to explore and develop oil and gas fields in Eastern Siberia. In terms of market position, Russneft is one of the largest privately-owned oil companies in Russia.

It competes with other major Russian oil companies such as Rosneft and Lukoil. Despite facing competition from these industry giants, Russneft has been able to maintain a significant market share and has established itself as a reputable player in the Russian oil and gas industry. In recent years, Russneft has made notable achievements and undergone strategic changes.

In 2016, the company acquired several gas fields, expanding its resource base. It has also focused on increasing its refining capacity to enhance its downstream operations. Additionally, Russneft has invested in modern technologies and energy efficiency initiatives to improve its environmental performance.

Currently, the company continues to pursue growth opportunities and innovation in the energy sector. As of the latest update, Russneft is planning to increase its exploration activities and invest in new oil and gas fields. The company also aims to expand its retail network across Russia, providing its customers with high-quality products and services.

In conclusion, Russneft OJSC is a leading oil company in Russia, offering a range of products and services in the oil and gas sector. It has a strong market position, both domestically and internationally, and has achieved significant growth and success over the years. With its strategic investments and focus on sustainability, Russneft is well-positioned for further expansion and development in the future