General Interest

Amerada Hess to buy stake in Russian firm

March 24, 2005

Amerada Hess Corp. agreed to pay $25 million for a 65% interest in Trabant Holdings International, which owns 100% of ZAO Samara-Nafta, an exploration and production company in Russia's Volga-Urals region.

By OGJ editors
HOUSTON, Mar. 24 -- Amerada Hess Corp. agreed to pay $25 million for a 65% interest in Trabant Holdings International, which owns 100% of ZAO Samara-Nafta, an exploration and production company in Russia's Volga-Urals region.

Samara-Nafta produces 7,500 b/d of crude oil from fields in the Mamurinsky license in the southern Samara region.

Simon Kukes, former CEO of Tyumen Oil Co. and OAO Yukos, is the CEO of Samara-Nafta.