By John Helmer, Moscow The London Paralympics aren’t over for BP’s chief executive, Bob Dudley. Even if he wins gold, he’s finishing with fewer limbs than he started with. According to the Financial Times version of the negotiation to date between Rosnft, BP, TNK-BP, and between Igor Sechin, Bob Dudley, and Mikhail Fridman, a deal […]

by John Helmer - Thursday, October 18th, 2012
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By John Helmer, Moscow Gazprom, Russia’s largest company, has announced a plan to supply liquefied natural gas (LNG) it isn’t producing to terminals piping ship fuel into a fleet of vessels which the Summa Capital group, directed by Ziyavudin Magomedov, would like to operate — only they don’t exist either. The scheme is more environmentally […]

by John Helmer - Monday, October 1st, 2012
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By John Helmer, Moscow Money laundering is one of those things that is usually accompanied by a lot more gossip than conviction. Exactly what gets washed and for whose benefit are difficult to pin down, usually because those who do it are smarter than your average washerwoman. Still, if the Swiss money police are on […]

by John Helmer - Thursday, July 5th, 2012
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By John Helmer, Moscow Alrosa has announced new strategic targets until the end of 2021, following this week’s meeting of the Supervisory Board, as Alrosa’s board of directors is known. How much of the projected growth will depend on Alrosa getting the Kremlin to persuade Vagit Alekperov of LUKoil to do what he doesn’t want […]

by John Helmer - Thursday, June 21st, 2012
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By John Helmer, Moscow In the short run, possibly for three quarters of this year, BP, run by chief executive Bob Dudley, will be short of its half-billion dollar quarterly cash dividend from TNK-BP. In the long run, whether Mikhail Fridman and his partners sell their 50% stake in TNK-BP to BP or to another […]

by John Helmer - Tuesday, June 12th, 2012
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By John Helmer, Moscow In the jungle there’s not much call for the subtle touch. So it’s not clear whether Mikhail Fridman’s announcements this week are intended as a dagger or as a club. By resigning his chairmanship of the management board of TNK-BP, and vacating the chief executive’s role, Fridman (image centre left) hasn’t […]

by John Helmer - Thursday, May 31st, 2012
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By John Helmer, Moscow If you believe what RusPetro Plc says, this loss-making venture on a small oil patch in Khantiy-Mansiysk — a patch no major Russian oil company has wanted to bother with — is already worth a billion dollars, and is bound to be worth multiples of that. The reason, also according to […]

by John Helmer - Saturday, April 28th, 2012
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By John Helmer, Moscow LUKoil, the second largest of Russia’s oil producers and exporters, is thinking of disposing of its northwestern Russian diamond mine known as Grib, selling the subsidiary Arkhangelskgeoldobycha (AGD) which has held the controversial mining licence through fifteen years of litigation and arbitration with Archangel Diamond Corporation (ADC), a De Beers-owned company […]

by John Helmer - Thursday, February 16th, 2012
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By John Helmer, Moscow Deputy Prime Minister Igor Sechin (image centre), the overseer of Russia’s ports and shipping, as well as of the trade which passes through them, has recommended that the state shareholdings in Novorossiysk Commercial Seaport Company (NMTP is the Russian ticker, NCSP the English) be sold to Rosneft, the state oil company. […]

by John Helmer - Tuesday, February 7th, 2012
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By John Helmer, Moscow Archangel Diamond Corporation (ADC) has this month renewed its battle against LUKoil for the latter’s alleged theft of multi-billion diamond mining rights at the Verkhotina deposit in the Arkhangelsk region of northwestern Russia. The new claims were lodged in the US District Court in the District of Colorado on January 6. […]

by John Helmer - Tuesday, January 17th, 2012
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