Via Forbes, an interesting article on the impact of Rosneft’s planned purchase of TNK-BP: Exxon Mobil is no longer the world’s number-one oil producer. As of last week, that title belongs to Putin Oil Corp – oh, whoops. I mean the title belongs to Rosneft, Russia’s state-controlled oil company. Rosneft is buying TNK-BP, which is […]
Read more »Via STRATFOR, an interesting report on Russia’s relationship with North Korea: Russia and North Korea have reached a settlement regarding North Korea’s $11 billion debt to Russia, Russian Deputy Finance Minister Sergei Storchak said Tuesday. According to Storchak, Russia has agreed to write off 90 percent of the debt amount. The remaining $1 billion would […]
Read more »Via The Financial Times, an interesting look at a highly successful Russian retail leader who some compare to Sam Walton: Most businessmen would be glad to be compared to Sam Walton, the US retail visionary who founded Walmart. Not Sergei Galitsky, the billionaire chairman and chief executive of Magnit, the Russian grocery chain. He thinks […]
Read more »Via The Financial Times, an interesting article on Russia’s efforts to to woo its Asian neighbours, pouring money into Far East cities such as Vladivostok and seeking out new trade opportunities there: If imitation is the sincerest form of flattery, then for the South Korean dignitaries it was a sight to behold. On a recent […]
Read more »Via The Financial Times, an examination of Russia’s oil industry and its latest evolution under Putin: Russia’s oil industry has been through two great evolutions since the collapse of communism. Now it is entering its third. First, in the 1990s, former state-owned oil assets were parcelled into vertically-integrated groups and sold off at bargain prices […]
Read more »Via Forbes, an interesting article on Russia’s influence on BRIC energy policy. As the report notes: President Putin is officially back, with his swearing in scheduled for Monday, but this time he has a problem. The Russian masses have started to see through the political mist of the Kremlin; they don’t like what’s on show. […]
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