Alliance Group, Khudainatov agree merger

OAO Rosneft's Vice President Eduard Khudainatov poses for a photograph following a meeting with Russian President Dmitry Medvedev in the Gorki residence, outside Moscow, Saturday, Sept. 4, 2010. Medvedev proposed Eduard Khudainatov to replace the longtime president of Russia's largest oil company, state-controlled Rosneft, Sergei Bogdanchikov. (AP Photo/RIA-Novosti, Vladimir Rodionov, Presidential Press Service)

Merger: Eduard Khudainatov, above, in deal with Alliance Group

Russia’s Alliance Group has agreed to merge its assets with Moscow’s International Petroleum Company, which is controlled by former Rosneft chief executive Eduard Khudainatov, reports have said.

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