ExOil Group

History

2023: Mikhail Zurabov's exit from the company's capital

In mid-June 2023, it became known that the former ambassador Russia to, To Ukraine ex-head Ministry of Health of Russia Mikhail Zurabov, had left the business of the manufacturer and vegetable oils ExOil Group.

As "" writes Kommersant with reference to the data of the system, SPARK-Interfax"" Mikhail Zurabov had 25% since 2019 in the structures of the ExOil Group. Zurabov owned 25% each in LLC Black Earth"" and LLC "TD" Chernozemye. ""

Mikhail Zurabov

At the end of March 2023, Mikhail Zurabov's shares passed to the main owner of the ExOil Group, Karen Vanetsyan. According to Kommersant, Vanetsyan can prepare the integration of assets with the oil extraction plant purchased from the American Bunge. Due to the fact that oil prices are falling, but the margin in the industry remains high, Kommersant reports.

Karen Vanetsyan financed the deal to buy a stake in ExOil Group from his own funds, but when the shares were already re-registered, and it became possible for them to make pledges to banks, Vanetsyan refinanced it at the expense of a bank loan. Thus, Vanetsyan has two businesses in Russia: ExOil Group and Maslenitsa, these are different companies, and they are managed differently.

ExOil Group was launched in 2016. In 2020, the plant processed a little less than 400 thousand tons of raw materials per year. In 2022 - 525 thousand tons of raw materials, and as of June 2023 - already 300 thousand tons, the goal at the end of the year is to process at least 600 thousand tons. Since 2022, ExOil Group has exported products to friendly countries: China, Turkey and Iran.^[1]

Sovekon director Andrei Sizov says that the production of vegetable oil with already built exports at current duties remains an extremely profitable business. In June 2023, a zero duty was established for the export of sunflower oil, the export of sunflower until August 31, 2023 is limited by a duty of 50%.

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