Sibir Energy
Encyclopedia
Sibir Energy is a London
-based Russian
public limited company
, whose primary line of business is petroleum
and natural gas
exploration in Siberia
. Its shares were traded on the Alternative Investment Market
, part of the London Stock Exchange
. As of 2011, it is a wholly owned subsidiary of Gazprom Neft
.
On 21 August 2009, Gazprom Neft
made a bid to take over all shares in Sibir Energy. On 15 February 2011, it announced becoming the only shareholder in Sibir Energy after the withdrawal of the Moscow government-controlled Central Fuel Company.
area, a 51% voting share in Moscow Oil Refinery, operated in partnership with Gazprom Neft
, and a substantial interest in Moscow-based gasoline retail networks. Through its subsidiary, Magma, Sibir Energy has interests in the Yuzhnoye and Orekhovskoye fields in West Siberia. It owns the Moscow Oil and Gas Company (formerly: The Moscow Oil Company).
. The largest shareholders were Gazprom Neft and the Moscow city government together with the Bank of Moscow
. A minor stake was hold by Sberbank
, pledged as loan collateral by Russian businessman Shalva Chigirinsky
.
and Andrei Martianov.
. The company is suing Shalva Chigirinsky for at least US$325 million for a failed bid to sell his real estate assets to the company.
On July 8 2009, Russian police raided into the company's Moscow office and took away some corporate documents.
London
London is the capital city of :England and the :United Kingdom, the largest metropolitan area in the United Kingdom, and the largest urban zone in the European Union by most measures. Located on the River Thames, London has been a major settlement for two millennia, its history going back to its...
-based Russian
Russia
Russia or , officially known as both Russia and the Russian Federation , is a country in northern Eurasia. It is a federal semi-presidential republic, comprising 83 federal subjects...
public limited company
Public limited company
A public limited company is a limited liability company that sells shares to the public in United Kingdom company law, in the Republic of Ireland and Commonwealth jurisdictions....
, whose primary line of business is petroleum
Petroleum
Petroleum or crude oil is a naturally occurring, flammable liquid consisting of a complex mixture of hydrocarbons of various molecular weights and other liquid organic compounds, that are found in geologic formations beneath the Earth's surface. Petroleum is recovered mostly through oil drilling...
and natural gas
Natural gas
Natural gas is a naturally occurring gas mixture consisting primarily of methane, typically with 0–20% higher hydrocarbons . It is found associated with other hydrocarbon fuel, in coal beds, as methane clathrates, and is an important fuel source and a major feedstock for fertilizers.Most natural...
exploration in Siberia
Siberia
Siberia is an extensive region constituting almost all of Northern Asia. Comprising the central and eastern portion of the Russian Federation, it was part of the Soviet Union from its beginning, as its predecessor states, the Tsardom of Russia and the Russian Empire, conquered it during the 16th...
. Its shares were traded on the Alternative Investment Market
Alternative Investment Market
AIM is a sub-market of the London Stock Exchange, allowing smaller companies to float shares with a more flexible regulatory system than is applicable to the main market....
, part of the London Stock Exchange
London Stock Exchange
The London Stock Exchange is a stock exchange located in the City of London within the United Kingdom. , the Exchange had a market capitalisation of US$3.7495 trillion, making it the fourth-largest stock exchange in the world by this measurement...
. As of 2011, it is a wholly owned subsidiary of Gazprom Neft
Gazprom Neft
Gazprom Neft is the fifth largest oil producing and refining company in Russia. It's the oil arm of Gazprom, which owns 80% of Gazprom Neft's shares....
.
History
Sibir was founded in 1996, and since then it had pursued an integrated model for its business operations by retaining a focus on retail as well as its core exploration, extraction and refinery activities.On 21 August 2009, Gazprom Neft
Gazprom Neft
Gazprom Neft is the fifth largest oil producing and refining company in Russia. It's the oil arm of Gazprom, which owns 80% of Gazprom Neft's shares....
made a bid to take over all shares in Sibir Energy. On 15 February 2011, it announced becoming the only shareholder in Sibir Energy after the withdrawal of the Moscow government-controlled Central Fuel Company.
Operations
The company's primary assets are Salym oil fields in NefteyuganskNefteyugansk
Nefteyugansk is a city in Khanty–Mansi Autonomous Okrug, Russia, located south of the Ob River, close to the larger city of Surgut. Population: It is currently served by Surgut International Airport....
area, a 51% voting share in Moscow Oil Refinery, operated in partnership with Gazprom Neft
Gazprom Neft
Gazprom Neft is the fifth largest oil producing and refining company in Russia. It's the oil arm of Gazprom, which owns 80% of Gazprom Neft's shares....
, and a substantial interest in Moscow-based gasoline retail networks. Through its subsidiary, Magma, Sibir Energy has interests in the Yuzhnoye and Orekhovskoye fields in West Siberia. It owns the Moscow Oil and Gas Company (formerly: The Moscow Oil Company).
Listing
Before takeover by Gazprom Neft, Sibir Energy's shares were traded on the Alternative Investment MarketAlternative Investment Market
AIM is a sub-market of the London Stock Exchange, allowing smaller companies to float shares with a more flexible regulatory system than is applicable to the main market....
. The largest shareholders were Gazprom Neft and the Moscow city government together with the Bank of Moscow
Bank of Moscow
The Bank of Moscow is the fifth largest bank in Russia.In 2011, following a hostile takeover by VTB Bank, USD$ 9 billion in fraudulent loans were discovered and the bank received an unprecedented $14 billion bailout. Russia has issued an international arrest warrant for Andrei Borodin for his...
. A minor stake was hold by Sberbank
Sberbank
Sberbank Rossii is the largest bank in Russia and Eastern Europe. The company's headquarters are in Moscow and its history goes back to Cancrin's financial reform of 1841...
, pledged as loan collateral by Russian businessman Shalva Chigirinsky
Shalva Chigirinsky
Shalva Chigirinsky is a Russian businessman operating in real estate and oil sectors. He is now divorced and has six children. Shalva Chigirinsky was born in 1950 in Kutaisi to a family of Georgian Jews. He graduated from the Moscow Medical Academy. In 1987, he emigrated to Spain and later to...
.
Management
Chairman of the company is Vadim Yakovlev and CEO is Igor Tsibelman. Non-executive directors are Dmitry Bekker, Maxim ViktorovMaxim Viktorov
Maxim Valerievich Viktorov is a Russian lawyer and politician, who worked in the Russian presidential administration. He was also the personal assistant to the presidency candidate, Dmitry Medvedev from 2007 until his Inauguration....
and Andrei Martianov.
Investigations
In late February 2009, Sibir Energy suspended its chief executive with immediate effect and launched an investigation into property dealings that the company had agreed with one of its former largest shareholders Shalva ChigirinskyShalva Chigirinsky
Shalva Chigirinsky is a Russian businessman operating in real estate and oil sectors. He is now divorced and has six children. Shalva Chigirinsky was born in 1950 in Kutaisi to a family of Georgian Jews. He graduated from the Moscow Medical Academy. In 1987, he emigrated to Spain and later to...
. The company is suing Shalva Chigirinsky for at least US$325 million for a failed bid to sell his real estate assets to the company.
On July 8 2009, Russian police raided into the company's Moscow office and took away some corporate documents.