Sibneft (Сибне́фть in Russian) is Russia's fifth largest oil producing and refining company. It was created by presidential decree in 1995 and privatized through a series of auctions in the subsequent two years.

Sibneft initially combined Russia's largest oil refining complex in Omsk (dba Omsky NPZ), an oil and gas production enterprise based in the city of Noyabrsk in the Yamal-Nenets autonomous district (Noyabrskneftegas), a geological exploration enterprise and an oil products distribution network. Sibneft's central office is located in Moscow; however, the company retains its official corporate address in the city of Omsk. Jump to: navigation, search Serafimo-Alekseevskaya chapel, Oktyabr (formerly Rossiya) hotel, and Organ music hall Omsk (Омск in Russian), a city in the southwest of Siberia in Russia, capital of the Omsk Oblast. ... Jump to: navigation, search Moscow (Russian: Москва́, Moskva, IPA: listen ▶(?)) is the capital of Russia, located on the river Moskva. ...

Sibneft has spent the past seven years spinning-off non-core assets, including Russia's largest pork meat farm, Omsky Bacon, as well as various service enterprises. The company also implemented a broad program to institute international best practices across its businesses and work closely with major international oil field services firms.

Sibneft has twice attempted a merger with Yukos, to form Russia's largest oil company YukosSibneft. The first attempt in 1998 failed due to a dispute over management. The process was well under way the second time in 2003 when the Federal government cracked down on Yukos, and Sibneft's shareholders called off the merger in November of that year. Jump to: navigation, search Yukos Oil Company (ОАО НК ЮКОС) is a petroleum company in Russia which, until recently, was controlled by Russian billionaire Mikhail Khodorkovsky and a number of prominent Russian businessmen. ...

Sibneft remains the largest employer in Omsk and Noyabrsk. It is also an official sponsor of the CSKA-Moscow soccer team, the Omsk Avangard hockey team, and a variety of running, mini-football, nordic skiing and motorcross events. The stock trades on MICEX under the ticker SIBN. Jump to: navigation, search Serafimo-Alekseevskaya chapel, Oktyabr (formerly Rossiya) hotel, and Organ music hall Omsk (Омск in Russian), a city in the southwest of Siberia in Russia, capital of the Omsk Oblast. ...

In September 2005 Russia's largest corporate takeover occurred when Gazprom (in which the Russian government obtained a majority stake the previous June) agreed to buy 72.663% of Sibneft shares for US$ 13.01 billion. Gazprom (Cyrillic Газпром, sometimes transcribed as Gasprom) is the largest Russian company and the biggest natural gas extractor in the world. ... The United States dollar is the official currency of the United States. ...

External link

• Sibneft official site
• Gazprom Inks Deal to Buy Abramovich's Sibneft, Forbes.com, 28 September 2005