11 Dec 2014 15:29

Corrected: RussNeft completes acquisition of Khanty-Mansii oil company

(to adjust first para)

MOSCOW. Dec 11 (Interfax) - RussNeft has completed the acquisition of CJSC Khanty-Mansiiskaya Neftyanaya Kompaniya, RusNeft said in a statement.

Khanty-Mansiiskaya holds the license to the Vodorazdelny section with recoverable C1+C2 oil reserves totaling 61.5 million tonnes.

Khanty-Mansiiskaya Neftyanaya Kompaniya was owned by Cyprus-registered Tallahassee Holdings Ltd as of October 2013, according to the SPARK-Interfax database. However, in the middle of 2013, the Federal Anti-Monopoly Service (FAS) cleared investment company Depets Ltd to acquire 100% of Khanty-Mansiiskaya.

The company posted a net loss of 410.9 million rubles in 2013 on revenue of 192.3 million rubles.