Bazhneft buys Burneftgaz

Bazhneft buys Burneftgaz: Bazhneft oil company has outbid both Gazprom and Rosneft to buy 100% of the Siberian–based Burneftgaz for over $1bn. Established in 2005, Burneftgaz owns the right to develop fields in East Vuemskogo and Tortasinskogo that have combined total recoverable oil reserves of over 53m tons Kommersant