Volga Gas
Independent oil and gas company carrying out exploration and production in the Volga Region
Projects
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 .
- Location:
- London, Great Britain
Moscow, Russia - Year of initial investments:
- 2005
- Shareholding:
- Controlling shareholding
The company aims to implement an aggressive growth strategy by developing its existing proven reserves, and through mergers and acquisitions.
The company was established in 2005 by Russian entrepreneurs and Baring Vostok Private Equity Fund III, to consolidate oil and gas assets in the Volga Region.
Other projects
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Проект завершенSyktyvkar LPK
One of Russia’s largest producers of pulp and paper products. The company is today a part of the Mondi group, a department of Mondi Business Paper. Exited in 2002 -
Novomet
One of the leading manufacturers of electric submersible pumps (ESPs) and related products for the oil and gas industry -
Tsar Petrol
Oil company exploring and producing hydrocarbons at the Tsarichanskoye field in the Orenburg Region. Now a part of Gazpromneft. Exited in 2011 -
Tigers Realm Coal
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Caspian Gas Corporation
Gas company which developed the Shagyrly-Shomyshty field in Kazakhstan. Exited in 2006 -
Nostrum Oil & Gas
Oil and gas company developing the Chinarevskoye field in Kazakhstan -
Проект завершенBurren Energy
Oil company with primary production in Turkmenistan and Congo. Currently a part of ENI Group. Fully exited in 2008