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 .
Volga Gas

Volga Gas

Independent oil and gas company carrying out exploration and production in the Volga Region
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.

Development stages:

  • Mikhail Ivanov, a partner of Baring Vostok, became CEO of the new company.
  • Upon receiving access to financing, the company developed rapidly. Through acquisitions in the secondary market and participation in auctions, the company purchased four license areas for hydrocarbon exploration and production.
  • In April 2007, about 40% of the new issue of Volga Gas shares were placed at the alternative investment market (AIM) of the London Stock Exchange. This allowed for the launch of the planned production programme.
  • The company discovered two oil fields (Uzenskoye and South Uzenskoye) and within a short period of time launched oil production, processing and sales.
  • After the successful resolution of a judicial dispute with Trans Nafta in 2011, the company purchased a gas processing plant and started producing and selling gas and gas condensate.
  • In 2009, the company became EBITDA-positive, and the company is now increasing its revenues and profit steadily.

Other projects

News

02 May 2012

AVITO.ru closes $ 75 million fund-raising from Accel Partners and Baring Vostok Private Equity Fund IV to accelerate Russian expansion.

<p>AVITO.ru, the largest online classifieds website in Russia, announced today that it has received $75 million in new funding from Baring Vostok Private Equity Fund IV, Accel Partners, and existing investors Kinnevik and Northzone. The new funds will be used to further fuel the company’s strong growth throughout Russia and to continue attracting world-class talent.</p>

Nostrum Oil & Gas: Full Year Results for the Year Ending 31 December 2014.

Nostrum Oil & Gas PLC (“Nostrum”, and together with its subsidiaries the “Group"), an independent oil and gas exploration and production company with assets in north-western Kazakhstan, today announces the full-year financial results for the twelve months ending 31 December 2014 of Nostrum and the Group, together with its 2014 Annual Report.