Bloomberg "Anywhere" Remote Login Bloomberg "Terminal" Request a Demo


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Teenage Son of Billionaire Abramovich Buys Siberian Oil Field

Bloomberg Billionaires Index
Bloomberg Billionaires Index

March 20 (Bloomberg) -- Arkady Abramovich, the 19-year-old son of Chelsea Football Club owner Roman Abramovich, bought a Siberian oil field, seven years after his father sold his Russian crude producer to OAO Gazprom for $13 billion.

The younger Abramovich’s Zoltav Resources Inc. agreed to acquire CenGeo Holdings Ltd., which controls the license to the Koltogor field in Russia’s Far North, for $26 million of new shares, Zoltav said in an e-mailed statement today. Abramovich’s ARA Capital Ltd. also agreed to buy $20 million of new Zoltav shares to maintain its 45 percent holding.

CenGeo’s main shareholder, Valentin Bukhtoyarov, will get 29.1 percent of Zoltav in the so-called reverse takeover, according to the statement. CenGeo acquired the company with the rights to the Koltogor field from OAO Gazprom Neft, which was called Sibneft before the older Abramovich sold it to Gazprom, the world’s largest gas producer, in 2006.

“This is an excellent first acquisition for Zoltav and will allow the company to build an operational management team for future acquisitions in the sector,” Zoltan Chairman Symon Drake-Brockman said in the statement.

Roman Abramovich, 46, is the 71st richest person in the world, with a fortune of $13.4 billion, according to the Bloomberg Billionaires Index. He has six children and was the governor of Russia’s Chukotka region across the Bering Strait from Alaska in 2000 to 2008.

To contact the reporter on this story: Anatoly Temkin in St. Petersburg at

To contact the editor responsible for this story: James M. Gomez at

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.