Maksat arip biography

Find out more about Maksat Arip's international, operational and industry experience.
History.
Whilst their respective precise corporate titles may have been different and may have varied over time, in substance Mr Arip was CEO of the Kazakhstan Kagazy.

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Exillon Energy

Exillon Energy plc is a Russian oil exploration and production company with assets in two oil-rich regions of Northern Russia: Exillon TP in Timan-Pechora and Exillon WS in Western Siberia. It was listed on the London Stock Exchange until 2020.

History

The Company was established by Maksat Arip, a Kazakh businessman, in January 2009 when he acquired assets in the West Siberia Region of Russia with an exploration history dating back to 1971. Shortly afterwards it bought assets in the Timan-Pechora Basin with a history dating back to 1988.^[2] It was listed on the London Stock Exchange in December 2009^[3] but delisted in December 2020.^[4]

Russian businessman Alexey Khotin acquired a 30% stake in the company in 2013.^[5]

Operations

The company owns ten oil fields at early development stages in West Siberia and Timan-Pechora.^[6]

References

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Exillon Sale Eyed

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Kazakhstan Kagazy Plc v Baglan Abdullayevich Zhunus (formerly Baglan Abdullayevich Zhunussov)

Robert Howe QC and Daniel Saoul QC (instructed by Allen & Overy LLP) for the First, Second, Third and Fourth Claimants.

Stephen Auld QC and Stephanie Wood (instructed by Gresham Legal) for the Fourth Defendant

Hearing dates: 26 June 2019

Judgment Approved by the court

Mr. Justice Jacobs

The Claimants apply for an order that the Fourth Defendant (“Mrs. Arip”) attends court to be cross-examined on her asset disclosure which has been provided under paragraph 7 of a Worldwide Freezing Injunction (“WFO”) made against her on 12 October 2018 by Mr. Justice Teare, as varied by Richard Salter QC (sitting as a Judge of the High Court) on 7 December 2018 and Mr. Justice Andrew Baker on 22 January 2019.

The background to the case is well-known to the parties, and it is not necessary to describe it in detail. In summary, the Claimants were successful in a very substantial fraud claim made against a number of defendants, including Maksat Askaruly Arip, who is t