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Posts Tagged ‘Putin’

Mismanagement of Russian Economy Could Lead to Social Unrest

Foreign investors were given some serious lessons, when the state took over the Shell-led Sakhalin-2 project…

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From the Kremlin to Caracas, how oil collapse changes everything

As the price of a barrel falls to below $50 for the first time in years – to a third of its value just a few months ago – petrol will be cheaper but the shockwaves mean crisis for oil-producing nations and further instability for a battered global economy

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A Run on Russia

Investors woke up to the systemic risk to property rights and the lack of any rule of law in Russia. They did so belatedly, we’d add, considering the attempted or successful expropriation of Yukos, BP and Shell assets and the blatant use of state resources to menace private business.

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Russia threatens to seize swathe of Arctic

President Dmitry Medvedev said that Russia should unilaterally claim part of the Arctic, stepping up the race for the disputed energy-rich region.

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Beware the bear trap

In the oil sector, all the major companies have been drawn into the Kremlin’s new great game. Shell has lost majority ownership of its vast Sakhalin project; Total has been reduced to the status of a services company; BP seems on the verge of having 25% of its reserves expropriated by Russian oligarchs.

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Gazprom, the Russian gas company, is six times bigger than Royal Dutch Shell

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.

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Been Riding the Russian Boom? It’s Time to Cash In Your Chips

Royal Dutch Shell was pressured last year into selling local investments at a bargain price to Russian interests.

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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.

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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

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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.

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