Sibir Energy was AIM-listed British oil company, whose primary line of business is petroleum and natural gas exploration in Siberia, Russia.
Sibir was founded in 1996, and since then it had pursued an integrated model for its business operations by retaining a focus on retail as well as its core exploration, extraction and refinery activities.
[2] On 15 February 2011, it announced becoming the only shareholder in Sibir Energy after the withdrawal of the Moscow government-controlled Central Fuel Company.
[5] The company's primary assets are Salym oil fields in Nefteyugansk area operated by Salym Petroleum Development, a 51% voting share in Moscow Oil Refinery, operated in partnership with Gazprom Neft, and a substantial interest in Moscow-based gasoline retail networks.
[8] In late February 2009, Sibir Energy suspended its chief executive with immediate effect and launched an investigation into property dealings that the company had agreed with one of its former largest shareholders Shalva Chigirinsky.