The Independent Petroleum Company acquired additional 93.8% stake in Public Joint Stock Company Varyoganneftegaz (MISX:VJGZ) from Public Joint Stock Company Rosneft Oil Company (LSE:ROSN) on December 29, 2020. Post acquisition The Independent Petroleum Company will hold 98.83% stake in Public Joint Stock Company Varyoganneftegaz.

The Independent Petroleum Company completed the acquisition of additional 93.8% stake in Public Joint Stock Company Varyoganneftegaz (MISX:VJGZ) from Public Joint Stock Company Rosneft Oil Company (LSE:ROSN) on December 29, 2020.