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Mikhail Gutseriev, president and major owner of company RussNeft is enhancing its oil business.

21.03.2005 "The Finance"

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. 

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