 The company had its own oil fields in the Khanty–Mansi Autonomous Okrug, but later sold them out.In 1996 the state sold its remaining 49% stake in the company.In the same year financial and investment projects of KiNEx were transferred to the KiNEx Invest JSC, owned by Smirnov, Katkov, Malov and Timchenko (by 25% each) and headed by Director General Yury Yerofeyev.