Logo
  Tuesday, August 4, 2020
Sign-In  |  Sign-Up  |  Contact Us  |  Bookmark 

Structures close to RussNeft ex-head Mikhail Gutseriyev, currently wanted in Russia,
Structures close to RussNeft ex-head Mikhail Gutseriyev, currently wanted in Russia, completed a deal to buy two oil operators in Azerbaijan from Canada's Nations Energy, a Russian daily said on Tuesday.

Vremya Novostei said Gutseriyev's allies began preparing the deal back last spring. As a result, Britain's Global Energy controlled by Gutseriyev paid $340 million for an 85% stake in the Karasu Operating Company and 80% in the Kura Valley Operating Company.

Sources close to Gutseriyev say quite possibly these oil assets will not be the last acquisitions by Global Energy in Azerbaijan, suggesting that Gutseriyev and his allies are setting up a new oil company, this time in the South Caucasus republic.

RussNeft former CEO Gutseriyev resigned July 30, 2007 amid accusations of tax evasion and running an illegal business.

The Interior Ministry issued an arrest warrant last year and applied to Interpol for him to be put on the international wanted list. He is believed to be living abroad according to the ministry's investigators.

RussNeft, one of Russia's top ten crude producers with recoverable reserves of more than 630 million metric tons (4.6 billion barrels), faces substantial back-tax claims.


Print Structures close to RussNeft ex-head Mikhail Gutseriyev, currently wanted in Russia, Bookmark Structures close to RussNeft ex-head Mikhail Gutseriyev, currently wanted in Russia,

Related News   
JanFebruary 2008Mar
MoTuWeThFrSaSu
28293031123
45678910
11121314151617
18192021222324
252627282912
3456789