Timchenko has sold its stake in one of the largest gas fields

Timchenko has sold its stake in one of the largest gas fields

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Predprinimatel Gennady Timchenko

Photo: Vyacheslav Prokofyev/TASS

Gennady Timchenko has sold 50% of the company “Petromir” has huge reserves of gas in the Irkutsk region. The buyer was “AMK holding” Alexander Kropotkin, the participation of which in oil and gas projects was not previously known

The company “Petromir”, which holds licenses for two giant fields in the Irkutsk region (1,273 trillion cubic meters of gas), last Friday, October 28, changed owners, from the SPARK database “Interfax”.

Since April 2010 she fully belonged to the British Petromir (UK) Limited, 50% of which had Volga Group Gennady Timchenko and the other half — the businessman from Bashkiria Anatoly Orujeva, wrote “Vedomosti”. But from October 28 to 99.99% of the “Head” became the company “AMK Holding”, and of 0.01% Alexander Kropotkin.

“Volga Group is not a shareholder of the company “Petromir”. Share in the company was sold. The transaction was completed last week,” confirmed “to Interfax” the representative of the Volga Group. According to him, this asset was not “relevant” and it was in talks with “several investors”. “Out of asset on good terms,” he added, without specifying details. Calls to RBC, he hasn’t responded. With the second former co-owner of “Head” Orujiem yet could not be reached.

He “AMK holding”, established only 12 Sep 2016, 100% owned by Kropotkin stated in the certificate “SPARK-Interfax”, as the scope of its activities are “management holding companies”. Kropotkin responded to a call to RBC, but was not able to quickly comment on the situation. He previously served on the Board of Directors of “Uralmashplant” and directed its train “daughter” pzht-55, but was not previously known about his involvement in the oil and gas business.

“Petromir”, which was created by renowned chess player Anatoly Karpov, in 2004 famously Irkutsk oblast called owned by the Angara-Lena field “second Kovykta”, by analogy with the nearby Kovykta gas Deposit (reserves are estimated at 1.3 trillion cubic meters of gas), with which Gazprom plans to supply raw materials to China to build gas pipeline “Power of Siberia”.

According to the website of the “Head” of investments related to the opening of the Hangar-Lena field and the left field, also located in the Irkutsk region amounted to $200 million. And the capitalization of the entire company “Renaissance Capital” and Ernst&Young in 2011 estimated at $1.4 billion, says on this website.

Timchenko is a co-owner of another gas company NOVATEK, the largest private gas producer in Russia. In September, the Board chair and the second co-owner of NOVATEK Leonid Mikhelson saidthat the company intends to go beyond traditional Yamal-Nenets Autonomous district and is considering acquisition targets in Yakutia. The representative of NOVATEK has not yet responded to a request to RBC, was interested in the company purchase of shares in the “Head”.

The press service of “Gazprom” also has not answered questions RBC.