Long-term, the price of oil will stay over $100 a barrel, he said, because of Vladimir Putin. The Russian prime minister understands better than anyone the connection between energy and political power.
Posts Tagged ‘Putin’
Been Riding the Russian Boom? Its Time to Cash In Your Chips
Royal Dutch Shell was pressured last year into selling local investments at a bargain price to Russian interests.
Is Russia Becoming an Investment Gulag?
Late in 2006, another of Europe’s Big Oil contingent,Royal Dutch Shell was pushed into selling its assets on remote Sakhalin Island to Gazprom at a below-market price.
Blood in the Street, Danger in the Market
When Russian authorities target a company, there can be dire consequences… Last year, Royal Dutch Shell(RDSB) was strong-armed into ceding control over its Sakhalin oil field to Russian companies
Vladimir Putin makes Robert Maxwell look small-fry
The largest Western companies, Shell and BP included, have been bullied, intimidated and forced into concessions by the Kremlin and its cronies.
Kremlin ‘Capitalism’ Is a Threat to the West
Gazprom wrested control of the $22 billion Sakhalin-2 oil and gas project from Royal Dutch Shell for a fraction of market value.
Moscow transforms real-world game of RISK
For BP, the Russian invasion of Georgia could turn into a nightmare…
The Bear’s market
After corporate warfare, real war.
Georgia: We must unite to resist Russian aggression
Russia under Putin has energy wealth and thus the money to spend on arms and aggressive foreign policy. Moscow continues to bluster and threaten the Baltic states, has cut off energy supplies to countries it wants to lean on and, as Britain knows, has bullied the British Council, interfered in BP and Shell’s commercial operation…
Kremlin’s heavy hand triggers foreign exodus
“The market is panicking and foreign investors are pulling out of equities,” said Michael Ganske, a Russia expert at Commerzbank. “People fear that the rule of law is breaking down…
Russia’s Crony Statism
By now, the jilted investor in Russia is a bear-bites-man story. No one who puts serious cash in Vladimir Putin’s realm, not least in its flush gas and oil fields, can be surprised to find himself fleeced, run out of town, jailed in a Siberian gulag or worse.
Mechel and TNK-BP Finish Off Save Haven
In a note to investors Friday, Roland Nash, head of research at Renaissance Capital, said the TNK-BP and Mechel events, combined with the falling oil price, had “finished” Russian equities’ “reputation as a safe haven.”
TNK-BP Risk Pushing Markets Downward
With its chief executive scuttling off to a secret location, dozens of foreign employees flooding out of the country and the threat of impending court battles, TNK-BP’s messy shareholder dispute has helped push Russia’s indexes into a downward spin.
Russia reaches investors’ tipping point after BP affair sours
“The last train carrying the optimists out of Russian equities has just left the station,” was one reaction. “The place looks rotten to the core,” was another.
TNK-BP row ‘is bad for Russia’ says British Foreign Office
Investors began to bail out of Russian-focused shares in London as concerns grew about the ability of Western companies to do business in the country.
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