Heritage Group’s Sibneftezapreserv Assets Head to Auction After Financial Collapse
Assets belonging to the bankrupt company Sibneftezapreserv, a subsidiary of Heritage Group, will go under the hammer next month. The auction, set for February 16, follows a sharp decline in the firm’s finances, with revenues collapsing by 95% since 2022. Bidders will compete for land, a fuel terminal, and long-term leasehold rights in Krasnoyarsk.
Sibneftezapreserv, founded in 2005 as part of Heritage Group, once specialised in wholesale and retail petroleum sales. But by 2024, its revenue had shrunk to just 1.3 million rubles, while losses ballooned to 728.6 million rubles. The company’s downfall has now led to the forced sale of its remaining assets.
The auction includes a 12.2-hectare plot with a fuel terminal and leasehold rights to another 10.7-hectare site. These properties, however, come with complications: some are tied to a pledge held by Solid Bank JSC, while others are subject to third-party leases. Parts of the assets have also been seized as evidence in a criminal case involving Roman Heritage, the group’s former head. Bidding opens on January 19 and runs until the auction date. The starting price for all lots combined exceeds 112.8 million rubles (around $1.2 million). The lease rights for the 10.7-hectare plot in Sovetskiy District were separately listed on January 23 via the Russian Auction House platform, managed by Moscow’s City Property Department.
The sale marks the final chapter for Sibneftezapreserv after years of financial trouble. Successful bidders will take on assets burdened by legal and financial entanglements. The auction’s outcome will determine whether the properties remain tied to the defunct company’s legacy or find new commercial use.
