Khotin's empire: businessman has invested more than $1 billion in oil assets

Alexey Khotin has bought at least ten oil companies over the past five years.
01.04.2016
Forbes
Origin source
As we found out Forbes, owner of the Hotel Four Seasons, Belarusian origin businessman Alexei Hawtin was a member for at least five previously unknown transactions with oil assets in Russia, told Forbes a few bankers and confirmed some of the oil market players.

The largest of them are purchased assets of the company "Development of St. Petersburg" and "Khortytsya", which hold licenses for Gustorechenskoe and Multanovsky deposit with reserves of about 45 million tons. Deposits According to one banker, Aleksei Hawtin acquired for $ 200 million in the structure "Renord Invest", which is considered close to the bank "St. Petersburg". Active problem was, he had previously partly owned by the owner of OMG Vitaly Archangel. Last more than a year is suing the Bank "Saint-Petersburg" for $ 500 million, and accuses him of raiding the bank, in turn, accuses the Archangel in the non-payment of loans. The bank "St. Petersburg" declined to comment.

According to a source close to the Hotin, a businessman bought the assets left Russia in late 2014 Kuwait Energy. CompansI held the deposits and Luzhskoye Chikshino (both belong to the Timan-Pechora oil and gas province). This is indirectly confirmed by the fact that the director of the company VIC and "Pechora Energy Company", which have been issued deposits, worked in the structures related to the companies Alexei Khotin ( "Machinery and equipment", "Second Real Estate Agency"). As an ENERGY Kuwait declined to comment. According to the source, Khotin deposit cost about $ 10 million.

Businessman held a number of transactions with other Russian oil assets. He became the owner of the license area Krivolukskogo (reserves 37.4 million tons of crude oil), which earlier belonged to the company "Tehenergo". Its value, according to the source estimated that familiar with the transaction is approximately $ 30 million In addition, Hawtin for the same amount bought assets Matra Petroleum, whose co-owner was a former executive of TNK-BP Maxim Barsky -. Company "Arhangelovskoe" (owns Sokolovsky deposit in the Orenburg region). Barsky declined to comment. Not far from the former deposits Matra Petroleum, still in 2011Hawtin ode bought Mallorcan field. An estimated familiar businessman, for this asset Hawtin paid about $ 10-15 million.

It is known that Alex Hawtin owns "Dulisma", which he bought from the Savings Bank for 3.6 billion rubles. 29.9% of the shares Exillon Energy (proven reserves of close to 27 million tons) cost him $ 300 million. In 2014, over $ 30 million Hawtin bought "Alrosa" "Irelyakhneft", a year later the senator Leonid Lebedev sold Khotin "Negusneft" by price about $ 200 million, was then closed transaction company "Aurora" from ConocoPhillips and "Rosneft". A source close to the deal estimate it at $ 150 million.

According to Forbes, Hawtin spent transactions for at least $ 950 million and its investments in oil assets for a long time exceeded $ 1 billion. For example, in the infrastructure, "St. Petersburg development," according to a source close to the Hotin, it invested $ 200 million.

The volume of production of oil companies, the beneficiary of which, according to Forbes reports, Hawtin is, can be estimated at 2.5 million tonnes per year, with reserves of over 650 million tons.

Alex Forbes Hawtin on issues related to the oil assets, did not answer.

DeerKtorov Department analysis of market conditions "Gazprombank" Alexander Nazarov believes that now the price of oil and, consequently, oil stocks are very low. "Coming to each asset individually, you can compile the package is now mining (Upstream) of assets, cost-effective, even at current prices," - Nazarov said. Analyst of investment company "Opening" Artem Konchin also explains Khotina makrosituatsiey activity and price level close to the bottom. "The ruble economy oil not much affected in Russia, but if companies such as was the dollar debt, a situation arises, so to speak, of arbitration, where the buyer with good financial profile, feels more comfortable than the seller with a high debt load," - says Artem death.