The list includes seven oil producing and two oil refining units, as well as three regional oil products distributors. Together, the units account for the bulk of Rosneft's market value, as its remaining 140 subsidiaries are not generating substantial revenue.
Under the consolidation plan, minority shareholders in Rosneft's subsidiaries will be offered a chance to convert their stakes into Rosneft shares, while the parent will increase its majority stakes in the subsidiaries to 100%.
However,
