Gazprom Neft attempted a merger with Yukos that would have created Russia's largest oil company, YukosSibneft. The first attempt in 1998 failed over a management dispute, while second time round Sibneft's shareholders called off the deal in November 2003 after the federal government cracked down on Yukos despite the process already being well under way. In September 2005, Gazprom bought 75.7% of Sibneft's shares from Millhouse Capital (Roman Abramovich’s investment vehicle) for US$13.1 billion in Russia's largest corporate takeover. In May 2006, Sibneft was renamed Gazprom Neft. In 2006 Alexander Dyukov was elected as CEO of the company and in 2008 he
Energy and Environmental Security Initiative key decision-makers throughout the world in two ways: First by evaluating the extent to which their existing commitments and pledges are actually working; and second, by facilitating new and better clean and affordable energy solutions. IPECC will provide the information needed to improve the effectiveness of existing commitments and encourage new commitments where necessary. It is designed to track and monitor the implementation of sustainable energy commitments undertaken by governments, corporations and other entities, and to provide detailed information on the extent to which they are being complied with. In doing so it will serve as a watchdog over what