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
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