March 2005

21.03.2005
Mikhail Gutseriev, president and major owner of company RussNeft is enhancing its oil business.
The company has acquired association Grand possessing 59 petrol stations in Moscow and 5 in the province. This is the second largest metropolitan retail network. As estimated by experts the amount of the deal ranges from $100 to $200 million. Another nearly $300 million RussNeft is prone to invest in 66% of Geoilbent, Novatek’s oil production asset.

Mikhail Gutseriev, president and major owner of company RussNeft is enhancing its oil business. The company has acquired association Grand possessing 59 petrol stations in Moscow and 5 in the province. This is the second largest metropolitan retail network. As estimated by experts the amount of the deal ranges from $100 to $200 million. Another nearly $300 million RussNeft is prone to invest in 66% of Geoilbent, Novatek’s oil production asset. 

Source: "The Finance"