JSC Independent Petroleum Company (IPC) is buying CJSC Geotex and OJSC Payakha for almost $500 million, the Kommersant informed referring to well-informed sources.
CJSC Geotex owns a license for the Yuzhno-Mechetkinsky block in Saratov region. Payakha is engaged in upstream operation at the Payakhsky and Severo-Payakhsky blocks in Krasnoyarsk Krai
According to the list of affiliated persons, the principal shareholder of IPC is Melinco Enterprises (Cyprus) (90%). According to the Kommersant, former First Vice President of Rosneft Eduard Khudainatov is the ultimate beneficiary of IPC.
It will be recalled that Rosneft officially announced E. Khudainatov's resignation in late July. "Eduard Khudainatov who fulfilled his promise to stay with the company as first Vice President for a year, is now moving on to develop new projects where his professionalism, experience and skills will undoubtedly be in demand," said Rosneft president Igor Sechin commenting on the staff reshuffle.
"AK&M", 19.08.2013 14:22