Russian state-controlled oil major OAO Rosneft (ROSN.RS) may earn more than $1 billion on the sale of Tomskneft, which it purchased last year from bankrupt OAO Yukos, the Vedomosti daily said Tuesday.
Rosneft acquired Tomskneft and several other assets in last May for $6.8 billion during the breakup of Yukos.
In December, Rosneft resold a 50% stake in Tomskneft and some other assets to OAO Gazprom Neft (SIBN.RS), the oil-arm of gas monopoly OAO Gazprom (GAZP.RS), for $3.6 billion.
In its 2007 financial report, Rosneft stated that it paid taxes worth $285 million for the sale of Tomskneft, which Vedomosti said sets the value of the Tomskneft deal at $1.2 billion.
The exact value of Tomskneft is, however, unknown, Vedomosti said