October 24, 2014 7:34 AM 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

OJSC Alliance Reportedly Mulls Acquisitions

OJSC Alliance Group is looking for acquisitions. A source close to OJSC Alliance Group said that OJSC Alliance Group has created two new companies namely LLC Alliance Holding and LLC Alliance Management for the subsequent acquisition of new assets and their management. It is possible that these will be oil and gas assets.

Alliance's Bazhayev Selling Stake In Joint Venture With Independent Oil & Gas to Khudainatov

Musa Bazhayev, President of OJSC Alliance Group is selling his stake in a joint venture with Independent Oil and Gas Plc (AIM:IOG) to Eduard Khudainatov, Founder of Independent Oil and Gas, a source close to both companies told Interfax. Musa Bazhayev is leaving the project due to his desire to focus on developing his platinum business. "The decision has been made to focus on the platinum business, which is more prospective," the source said, adding that it was difficult to say when the deal would be finalized.

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."

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
October 8, 2014
Alliance Oil Company Ltd.
Merger/Acquisition
October 31, 2013
Alliance Oil Company Ltd.
 

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