Bankruptcy case against Russian gas company sold to Gazprom terminated
IRKUTSK, October 25 - RAPSI. A court terminated on Tuesday the bankruptcy case of RUSIA Petroleum, the former holder of Kovykta gas field license, the court told RIA Novosti.
"The case has been terminated as RUSIA Petroleum repaid its debt to the creditors," the court said.
Gazprom purchased RUSIA's property at an auction in March 2011 for 25.8 billion rubles ($839.4 million) and obtained the rights to develop the field.
The Subsoil Use Agency reissued the license to Gazprom on September 30.
RUSIA's major creditors were Rizben Enterprises Ltd., a subsidiary of TNK-BP, and the Federal Tax Service representing the Social Insurance Fund.
The bankruptcy administrator earlier said the company transferred on October 17, 11.8 billion rubles ($384 million) to Rizben Enterprises Ltd. and 21 million rubles ($683,200) to the fund. The payment was effected in eight tranches. The bankruptcy administrator filed a petition to terminate bankruptcy proceedings in the company after it repaid the debt in full.