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 Promgaz for gas supply of South Ossetia and Armenia. Gazprom Promgaz plans gas transportation and its distribution systems, as well as investigating various research in the field of natural gas. The company is the general planner of the natural gas supply program for Russian regions, developed by Gazprom. The company is also a research center of Gazprom in the field of regional power systems, the supply, distribution and use of gas, efficient energy use and energy-savings, price setting for construction of gas industry objectives, the development of regional hydrocarbon fields and development of non-traditional hydrocarbon resources including coal bed methane. Gazprom