Russia and the region are endowed with one of the world’s most diverse and rich reserves of natural resources. Baring Vostok funds have actively invested in energy and forestry companies starting from the early privatisation projects of the 1990s, and later with the establishment of Burren Energy, an international oil company with assets in the Caspian region, in Africa, India and the Middle East. Since 1994, The funds have invested in a total of 18 projects related to natural resources, with total investments approximately $450 million .
Burren Energy

Burren Energy

Oil company with primary production in Turkmenistan and Congo. Currently a part of ENI Group. Fully exited in 2008
Location:
Turkmenistan, Congo
Years:
1995-2008
Shareholding:
Large minority stake
Control in consortium
Exit:
IPO at LSE, Sale to a strategic investor

In January 2008, Burren Energy was purchased by Eni, Italy’s largest oil company.

Burren Energy started out as an oil transporter, using rented tankers in the Volga-Caspian and the Black Sea basins. Baring Vostok’s funds were one of the first investors in the company.

Other projects