The second possible strategy is the wide use of mergers and acquisitions. With the help of this strategy Mikhail Gutseriev, former president of “Slavneft”, within just a year made his new company “RussNeft” one of the top ten oil producers in Russia.
Everything that ancient Greek King Midas who once did the Greek Gods invaluable favor touched, turned into gold. Everything that former Vice-speaker of Russian Duma, former president of oil company “Slavneft” touches, turns into oil.
Former president of “Slavneft” Mikhail Gutseriev continues to expand his company by buying new assets. This time he bought six oil fields in Tomskaya oblast for a trifling sum. It became possible because former owners of these fields had serious problems with local prosecutors office.