August 27, 2014 1:57 PM ET

Oil, Gas and Consumable Fuels

Company Overview of OJSC Alliance Group

Company Overview

OJSC Alliance Group, through its subsidiaries, provides oil refining services. The company was founded in 1998 is based in Moscow, the Russian Federation.

Moscow,  

Russia

Founded in 1998

Key Executives for OJSC Alliance Group

Compensation as of Fiscal Year 2014.

OJSC Alliance Group Key Developments

Alliance and Independent Oil & Gas Seek Acquisitions

OJSC Alliance Group and Independent Oil and Gas Plc (AIM:IOG) have completed formation of their joint venture and will seek acquisitions. Musa Bazhayev, President of Alliance said, "Two companies would jointly raise investment for development. Purchases of new assets are planned, both in Russia and abroad. We will raise funds for development jointly. We plan to buy new assets and develop what we already have. As for the new assets, we are looking in Russia, and in Kazakhstan and other countries."

Alliance Group Seeks Acquisitions

OJSC Alliance Group seeks acquisitions. Alliance Group said that the company will continue to expand capacity. "We will study the possibility of acquiring new oil production assets, expanding the sales network,and we'll even consider the possibility of expanding oil refining capacity," a representative of the group said.

Alliance Group Does Not Plans To Divest Alliance Oil

OJSC Alliance Group does not plan to divest Alliance Oil Company Ltd. (OTCPK:ALLZ.F). Chief Executive Officer, Musa Bazhayev of Alliance Group said: “We are selling nothing. The thing is that we are completing building a branch linking the East Siberia–Pacific Ocean (ESPO) pipeline with the Khabarovsk Oil Refinery. We are developing dynamically and selling nothing to anybody.”

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
October 31, 2013
Alliance Oil Company Ltd.
 

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