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Yukos
OJSC "Yukos Oil Company" (, ) was an oil and gas company based in Moscow, Russia. Yukos was acquired from the Russian government by Russian oligarch Mikhail Khodorkovsky's Bank Menatep during the controversial "loans for shares" auctions of the mid 1990s. Between 1996 and 2003, Yukos became one of the largest and most successful Russian companies, producing 20% of Russia's oil output. In the 2004 ''Fortune 500'', Yukos was ranked as the 359th largest company in the world. In October 2003, Khodorkovsky—by then the richest person in Russia and 16th richest person in the world—was arrested, and the company was forcibly broken up for alleged unpaid taxes shortly after and declared bankrupt in August 2006. Courts in several countries later ruled that the real intent was to destroy Yukos and obtain its assets for the government, and act politically against Khodorkovsky. In 2014, the largest arbitration award in history, $50 billion (€37.2 billion), was won by Yukos ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mikhail Khodorkovsky
Mikhail Borisovich Khodorkovsky (, ; born 26 June 1963), sometimes known by his initials MBK, is an exiled Russian businessman, Russian oligarchs, oligarch, and Russian opposition, opposition activist, now residing in London. In 2003, Khodorkovsky was believed to be the wealthiest man in Russia, with a fortune estimated to be worth $15billion, and was ranked 16th on Forbes list of billionaires, ''Forbes'' list of billionaires. He had worked his way up the Komsomol apparatus, during the Soviet years, and started several businesses during the period of ''glasnost'' and ''perestroika'' in the late 1980s. In 1989, he became Chairman of the Board of Bank Menatep, which he founded. After the dissolution of the Soviet Union, in the mid-1990s, he accumulated considerable wealth by obtaining control of a number of Siberian oil fields unified under the name Yukos, one of the major companies to emerge from the Privatization in Russia, privatization of state assets during the 1990s (a sche ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank Menatep
Bank "MENATEP", Bank "MENATEP SPb" (Russian: Банк "МЕНАТЕП Санкт-Петербург" / Банк «МЕНАТЕП СПб») and "Group Menatep Limited" were financial companies, created by Russian oligarch Mikhail Khodorkovsky. "Group Menatep Limited", the US$29 billion holding company that had indirect controlling interest in Yukos Oil Company, was later renamed, and now still exists as holding company GML with Leonid Nevzlin as principal shareholder holding a stake of around 70 percent. The other four ultimate beneficial owners owning an equal stake each are Platon Lebedev, Mikhail Brudno, and . A 1990s scandal related to the institution has been sometimes called Kremlingate. History Bank "Menatep" In 1986, the ''Center for Scientific and Technical Creativity for Youth'' - TSMNTP (Russian: Межотраслевой Центр Научно-технических программ — ЦМНТП) was created in Moscow by Mikhail Khodorkovsky. Center Mena ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Rosneft
PJSC Rosneft Oil Company ( stylized as ROSNEFT) is a Russian integrated energy company headquartered in Moscow. Rosneft specializes in the exploration, extraction, production, refining, transport, and sale of petroleum, natural gas, and petroleum products. The company is controlled by the Russian government through the Rosneftegaz holding company. Its name is a portmanteau of the Russian words (). Rosneft was founded in 1993, as a state enterprise and then incorporated in 1995, acquiring a number of state-controlled gas and oil assets. It became Russia's leading oil company after purchasing assets of the former oil company Yukos at state-run auctions. After acquiring OJSC TNK-BP in 2013, then one of the largest oil companies in Russia, Rosneft became the world's largest publicly traded petroleum company. Rosneft is the second largest Russian company and state-controlled company in Russia in terms of revenue ( ₽4,134 billion). Internationally, it is one of the larges ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Energy Charter Treaty
The Energy Charter Treaty (ECT) is an international agreement which establishes a multilateral framework for cross-border cooperation in the energy industry, principally the fossil fuel industry. The treaty covers all aspects of commercial energy activities including trade, transit, investments and energy efficiency. The treaty contains dispute resolution procedures both for States Parties to the Treaty (vis-à-vis other States) and as between States and the investors of other States, who have made investments in the territory of the former. Full versions of the treaty, both consolidated and official, are readily accessible. Initially, the Energy Charter process aimed to integrate the energy sectors of the Soviet Union and Eastern Europe at the end of the Cold War into the broader European and world markets. Its role, however, extends beyond east–west cooperation and, through legally binding instruments, free trade in global energy markets and non-discrimination to stimulate fo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gazprom
PJSC Gazprom ( rus, Газпром, , ɡɐsˈprom) is a Russian State-owned enterprise, majority state-owned multinational Energy industry, energy corporation headquartered in the Lakhta Center in Saint Petersburg. The Gazprom name is a contraction of the Russian words ''gazovaya promyshlennost'' (, gas industry). In January 2022, Gazprom displaced Sberbank of Russia, Sberbank from the first place in the list of the List of companies of Russia, largest company in Russia by market capitalization. In 2023, the company's revenue amounted to 8.5 trillion rubles, a significant decline from the 11.7 trillion rubles it reported in 2022. Gazprom is Vertical integration, vertically integrated and is active in every area of the gas industry, including Hydrocarbon exploration, exploration and Extraction of petroleum, production, refining, Petroleum transport, transport, Midstream, distribution and marketing, and Electricity generation, power generation. In 2018, Gazprom produced twelve per ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Yuganskneftegaz
Yuganskneftegaz () is a wholly integrated subsidiary of Rosneft that owns and operates the second largest oil production complex in Russia. It was formerly the most important production subsidiary of Yukos, but was expropriated by the Russian government and given to Rosneft, a state-owned company. Background Yuganskneftegaz began operations in 1964, and saw significant upgrades in the 1990s that are responsible for bringing its production to their current levels. Yuganskneftegaz was formerly owned by Yukos, which was broken up and its principal assets sold off to satisfy tax debts allegedly totaling $28 billion. On 19 December 2004, Yuganskneftegaz was sold at a state-run auction, ostensibly to satisfy tax debts. The winning, and sole, bidder, was a little-known Russian oil company called Baikal Finance Group, who paid $9.7 billion. It was later revealed that the previously unheard-of Baikal Finance Group is a group of Kremlin insiders headed by Igor Sechin, Deputy Head of the Pre ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Russian Oligarch
Russian oligarchs () are business oligarchs of the former Soviet republics who rapidly accumulated wealth in the 1990s via the Russian privatisation that followed the dissolution of the Soviet Union. The failing Soviet state left the ownership of state assets contested, which allowed for informal deals with former USSR officials as a means to acquire state property. The Russian oligarchs emerged as business entrepreneurs under Mikhail Gorbachev (General Secretary, 1985–1991) using various loopholes during economic liberalization under Gorbachev's perestroika. Boris Berezovsky, a mathematician and former researcher, became the first well-known Russian business oligarch. Oligarchs became increasingly influential in Russian politics during Boris Yeltsin's presidency (1991–1999), a period often dubbed as ''the wild nineties''; they helped finance his re-election in 1996. Well-connected oligarchs like Roman Abramovich, Michail Khodorkovsky, Boris Berezovsky and Vladimir P ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Loans For Shares Scheme
Beginning in 1995, Boris Yeltsin's government began privatizing state-owned shares in companies through a loans for shares scheme. The scheme helped with "fundraising" for Yeltsin's 1996 reelection campaign and restructuring freshly-sold companies at the same time (in order to outweigh communist sympathizers as one source speculated). Russian bankers constituted the majority of those who have provided the funds (see ). The rest included such entities as Stolichny bank () and World Bank (who made a loan for a small percentage of the Sibneft oil company) and even some targeted investments from USAID in assistance to Chubais, according to Richard Morningstar, a U.S. aid coordinator for the former Soviet Union. The scheme was primarily overseen by Anatoly Chubais who was linked to USAID program managed by head of the Harvard Institute for International Development (HIID) at the time. The scheme implementation ultimately resulted in the emergence of an influential class of ente ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Permanent Court Of Arbitration
The Permanent Court of Arbitration (PCA) is an intergovernmental organization headquartered at the Peace Palace, in The Hague, Netherlands. Unlike a judicial court in the traditional sense, the PCA provides administrative support in international arbitrations involving various combinations of States, State entities, international organizations and private parties. The cases span a range of legal issues involving territorial and maritime boundary, maritime boundaries, sovereignty, human rights, international investment, and international and regional trade. The PCA is constituted through two separate multilateral conventions with a combined membership of 125 Contracting Parties. The PCA is not a United Nations agency, but has been a United Nations observer since 1993. The PCA was established by the Convention for the Pacific Settlement of International Disputes, concluded at The Hague in 1899 during the first Hague Conventions of 1899 and 1907, Hague Peace Conference of 1899. The Co ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nefteyugansk
Nefteyugansk () is a city in Khanty-Mansi Autonomous Okrug, Russia, located south of the Ob River, close to the larger city of Surgut. Population: History It was founded on October 16, 1967, after an oil field had been discovered on a small forest clearing in the middle of the taiga marshland in 1961. The main and the only big enterprise in the city, ''Yuganskneftegaz'', was founded in February 1966. The name 'Yugansk' comes from the indigenous Khanty name of a small river near the city, ''neft means oil in Russian, and ''gaz'' is natural gas. The economy of the city remains petroleum-based, and was a major center for the Russian oil enterprise ''YUKOS'', which owned ''Yuganskneftegaz''. In fact, the "Yu" in "YUKOS" comes from the "yu" in "Nefteyugansk" and therefore from " Yuganskneftegaz". The other three letters come from the oil-refining factory "Kuibyshev-Org-Sintez", situated in Samara. On June 26, 1998, city mayor Vladimir Petukhov was shot dead on the way to his of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Moscow, Russia
Moscow is the Capital city, capital and List of cities and towns in Russia by population, largest city of Russia, standing on the Moskva (river), Moskva River in Central Russia. It has a population estimated at over 13 million residents within the city limits, over 19.1 million residents in the urban area, and over 21.5 million residents in Moscow metropolitan area, its metropolitan area. The city covers an area of , while the urban area covers , and the metropolitan area covers over . Moscow is among the world's List of largest cities, largest cities, being the List of European cities by population within city limits, most populous city entirely in Europe, the largest List of urban areas in Europe, urban and List of metropolitan areas in Europe, metropolitan area in Europe, and the largest city by land area on the European continent. First documented in 1147, Moscow became the capital of the Grand Principality of Moscow, which led the unification of the Russian lan ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Norton Rose Fulbright
Norton Rose Fulbright (NRF) is a British-American business law firm. It is the thirteenth-largest by headcount and 21st by revenue, with revenues of more than $2 billion. The British law firm Norton Rose originated in 1794 when it was established by Robert Charsley. In 2013, The Norton Rose Fulbright came into existence through the combination of the British law firm Norton Rose and the American law Fulbright & Jaworski. Norton Rose Fulbright's Houston office is located at 1550 Lamar Street, Suite 2000, Houston, Texas 77010. History Norton Rose was founded in 1794 by Robert Charsley, the only employee at the time. In 1821, Charsley partnered with William Barker, creating Charsley & Barker. Later that century, Phillip Rose (later Sir Philip Rose) joined the firm, creating Barker & Rose and later Barker, Rose & Norton when Henry Elland Norton joined. By 1900, the firm was called Norton, Rose, Norton & Co. In 1960, the firm, renamed Norton, Rose & Co., amalgamated with the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
