to acquire and protect his assets.

Initially controlled by Berezovsky, Sibneft later came under the control of Abramovich.

Sibneft twice unsuccessfully attempted a merger with Yukos that would have created Russia's largest oil company, Yuksi or YukosSibneft. The first attempt in 1998 failed due to a management dispute and the impact of the 1998 Russian financial crisis, while the second attempt ended when Sibneft's shareholders called off

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