Russian oil company PetroNeft, previously active in operations, will be dissolved
PetroNeft Resources Enters Voluntary Liquidation
PetroNeft Resources, an Irish-registered oil and gas company that produced oil in Russia's Tomsk region, entered voluntary liquidation in August 2025 following a shareholders' decision. The liquidation was solvent, meaning the company was able to pay its debts within 12 months after the liquidation began.
David Van Dessel, a representative from Vandessel-Reorg, was appointed as the official liquidator to oversee the distribution of the company's remaining assets, which were reportedly of low value (in the low five figures).
Prior to the liquidation, PetroNeft's key assets were sold to Pavel Tetiakov, the company's CEO, in October 2023. This transfer likely occurred as part of corporate restructuring or preparatory measures leading up to the liquidation process.
As a result, the overall status of PetroNeft post-liquidation is that it is being formally dissolved, with its business activities ceased. Its key assets are no longer under PetroNeft's ownership but held privately by Pavel Tetiakov or other entities involved in the transaction.
There are no publicly available indications of further developments or operational continuation under the PetroNeft name after the liquidation and asset sale in 2023–2025.
Liquidator fees, including VAT and expenses, previously agreed with the company, were approved at the extraordinary general meeting.
| Event | Date/Period | Details | |-----------------------------|----------------------|-------------------------------------------| | Asset sale to Pavel Tetiakov | October 2023 | Key assets sold to CEO Pavel Tetiakov | | Decision for liquidation | August 2025 | Shareholders agreed on voluntary liquidation | | Liquidator appointed | August 2025 | David Van Dessel appointed liquidator | | Current status | August 2025 onward | Company in solvent liquidation, assets disposed, business ceased |
Despite the liquidation of PetroNeft Resources, the oil-and-gas industry and finance sectors were impacted by the aftermath of the event. The subsequent distribution of PetroNeft's remaining assets by official liquidator, David Van Dessel, may have influenced the energy market, particularly in the Russian Tomsk region where PetroNeft had produced oil.
