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Ho-Chunk now has 16 subsidiaries, from tobacco and petrol distribution to government contracting and a news website, Indianz.com.
Most of his group's money comes from transport and logistics, with a strong position in Africa, and from petrol distribution in France.
Other significant deals include Lukoil's 2003 purchase of 80% of petrol distribution company Beopetrol for $187 million and auto parts producer Autodetal's troubled 2008 purchase of a 39% stake in bus manufacturer Ikarbus for $10.7 million.
Mr Kononov, who emigrated from Kazakhstan to Russia in 1994, made his first fortune in the seamy business of petrol distribution, and is now growing tomatoes and peppers on 2,800 hectares of previously idle land.
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There, a defunct petrol-distribution depot has been transformed into what Mr Chávez calls "a nucleus of endogenous development".
Those whose products are bulky and hard to smuggle (tobacco farmers, for instance) must surrender half of their hard-currency proceeds to the government, which repays them in crisp new Zimbabwe dollars, at the official rate.This is not nearly enough, however, to keep Zimbabwe supplied with petrol (the distribution of which is a state monopoly).
The fuel storage site, which belongs to the Brega oil and gas company, is the main hub for distribution of petrol in the city.
Their first step was to calculate the distribution of petrol prices and label the most stable as suspicious.
Officials say the site, which is the city's largest storage facility and a major hub for distribution of petrol, contains some 6.6 million litres of fuel.
For his part, Kamabare blames a combination of the government funding structure, the ordering system, a lack of distribution vehicles (and petrol in their tanks), and theft.
The Buncefield depot is a major distribution terminal, storing oil and petrol as well as kerosene, and supplies airports across the region including Heathrow and Luton.
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