Gazprom acquired NTV, Russia's only nationwide state-independent television station from Vladimir Gusinsky's company, Media-Most holdings. In 2002, the Gazprom subsidiary Gazprom Media acquired all of Gusinsky's shares in companies held by Media-Most. In September 2005, Gazprom bought 72.633 percent of the oil company Sibneft for $13.01 billion. Sibneft was renamed Gazprom Neft. The purchase was aided by a $12 billion loan. Gazprom became Russia's largest company. On the day of the deal the company worth was valued at £69.7 billion (US$123.2 billion.) In December 2006, Gazprom signed an agreement with Royal Dutch Shell, Mitsui and Mitsubishi, to take over fifty percent
Gazprom Neft limestone, which makes drilling difficult. Therefore, specialists are facing a more labor-intensive task. At the moment all these difficulties have been successfully overcome. Three development wells have now been constructed, successfully tested and their outputs have exceeded planned expectations. New innovative technologies are applied at Badra. Among them are: Solar panels can be another example of the usage of modern technologies. They allow the block valve station to work independently from electricity. The Badra oil field development consortium annually invests in education, medicine and other social projects in Iraq. In 2013 Gazprom Neft donated some buses to the University in