Mikhail Gutseriev merges oil again.

"Russneft" and Mikhail Gutseriev’s new oil project "Nephthys", segregated from "Russneft", can start the reverse merger procedure. During the separate operation in 2013, "Russneft" wiped off the debt, which prevented its development, and Mr. Gutseriev was able to consolidate the company by buying shares from AFK "Sistema" and Sberbank, the "Kommersant" states.

Yesterday FAS reported that it approved the application of Sonburg Finance Ltd, registered in the British Virgin Islands, for the acquisition of the "Nephthys" oil company. As of yesterday, the owner of 100 % "Nephthys", according to the "SPARK -Interfax" database, is the Cypriot Dolmer Enterprises Ltd, controlled, according to unofficial information, by Mikhail Gutseriev. Mr. Gutseriev’s "Russneft" representative declined to comment yesterday.