“Rosneft” has bought the Independent oil and gas company (NOC) of its former President Eduard Khudainatov 100% of the company “Kondaneft”, the sum of transaction will make about 40 billion rubles, reports “Interfax”.

“The acquisition of the asset to the strategy of the company, aimed at maximizing the efficiency of development resources of the main oil and gas regions of presence of JSC “NK “Rosneft” with a developed infrastructure”, – stated in a press release.

“Rosneft” intends to take steps to accelerated commissioning of the fields “Kondaneft” already in 2017.

Owned by “Kondaneft” assets Kondinskiy group of fields (2P) in the Khanty-Mansi Autonomous district in accordance with the international audit DeGolyer and MacNaughton is 157 million tonnes of oil. The Deposit is located 100 kilometers from one of the key assets of Rosneft Priobskoye field and is adjacent to Elginskom field, the largest of which are in the undistributed Fund of the Russian Federation.

Elginskoe field is one of the largest deposits of explored land of the Russian Federation. It’s part of the Priobsky Deposit, and the blocks of which it develops “Rosneft” and South “Gazprom Neft”.

Already built infrastructure “Kondaneft” and “RN-Yuganskneftegaz” will allow Rosneft to achieve synergy in development of areas.

Eduard Khudainatov think a longtime ally of CEO of “Rosneft” Igor Sechin. In 2010-2012, Khudainatov was the head of “Rosneft”, and then lost the post Sechin, after some time the first Vice-President.

NOC was established in 2012, Khudainatov took over in 2013.

In July 2016, both courts recognized the affiliation and NOC “Rosneft”, but the court of cassation quashed that decision.

“Rosneft” 40 billion bought valuable assets from his former President 11.04.2017

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