Nov 18 2015: In recent days, Russian media reported the sale of Negusneft, a Western Siberian producer, by Sintez, a company controlled by Leonid Lebedev. The buyers are Yuriy and Aleksei Khotin, a mysterious father and son duo who have been steadily acquiring oil and gas assets in the past few years. Negusneft brings the total number of oil companies controlled by the Khotins to four, with total production attributable to them reaching almost 40,000 bpd: …
Conoco first announced it would seek a buyer for its stake in Polar Lights last year. A person familiar with the deal said the joint venture had been sold to a company owned by the Khotin family. Originally, the Khotins, led by father and son, made money from real estate development in Moscow. In recent years, though, they have started to invest in oil, through the acquisition of a small company in the Irkutsk region and a 29.9 per cent stake in London-listed Exillon Energy.
A Conoco spokesman said: “We sold our 50 per cent interest to Trisonnery Asset Limited. We no longer have operations in Russia.” Rosneft declined to comment on the identity of the buyer, and the Khotin family could not be reached for comment.
Controlled by Alexei Hotin Exillon Energy became the owner of 100 percent. shares of Polar Lights - reported Kommersant source familiar with the situation. Polar Lights was a joint venture of ConocoPhillips and Rosneft.
As reported on December 22 BiznesAlert.pl, after 25 years of its presence in Russia, the US company sold 50 per cent. stake in Polar Lights leaving the same eventually with all projects implemented on the territory of that country. In turn, Rosneft announced last week that it completed the sale of 50 per cent. shares in the company Polar Lights. The press service of the company not announced who sold shares in the Polar Lights.
According to a second source of newspaper assets they were bought not only by Exillon, but also by its main owners: Alexei Hotin (through Seneal International has 29.9 per cent. Interest) and Alexander Kljacina (by Sinclair Holdings holds 26.7 per cent. Interest). Both Exilon, Rosneft and ConocoPhillips refused to comment on the matter.
Polar Lights was created in 1992. A joint venture of Rosneft and ConocoPhillips is the operator of five oil group Ardalinskaja - Adralinskoje, Eastern Kolwinskoje, Oszkotynskoje, the West and the Middle Oszkotynskoje Chorejwer in the Nenets Autonomous. In the past there was exported 16 million tons of oil annually to the European market. Production dropped, however, in 2010. In 2012. Was already 520 thousand. tone. In 2014. Fell to 410 thousand. tone.
ConocoPhillips previously worked in Russia with Lukoil - in 2004. American company bought from the Russian government's 7.6 percent. Lukoil shares (in 2006. up to 20 percent. increased its stake) and became the owner of 30 percent. interest in the joint venture Narjanmarneftegaz (Lukoil had 70 per cent. of the shares, management companies was carried out on a parity basis). In 2010. Conoco sold 18 per cent. Lukoil shares (partly on the market, partly yourself LUKoil) in 2011. completed the shareholding leave the Russian company. Later, Lukoil announced the acquisition of 30 percent. ConocoPhillips shares in the company Narjanmarneftegaz, as well as certain assets associated with that joint venture.
Sources of Kommersant counted earlier that the family Hotin, which in recent years actively interested in small, Russian oil assets will be the main contender for the purchase of the Polar Lights. In November, Forbes reported that the structure of Hotin for $ 200 million. bought Negusnieft (company exploring Warginskoje deposit in the Khanty-Mansi Autonomous District) from Sintez group belonging to the former senator Leonid Lebedev. In 2012. They bought from Sberbank Dulisma company, which holds the license for exploration of oil fields and gas condensate Dulisminskoje (Irkutsk Region), reaching later to her relief on export duty.
According to Karen roofs of Advance Capital Polar Lights is attractive to Exlion primarily because it is already ready infrastructure and because of the proximity of already eksplorowany
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