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Yukos
OJSC "Yukos Oil Company" (russian: ОАО Нефтяна́я Компа́ния Ю́КОС, links=no, ) 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 biggest 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 aw ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mikhail Khodorkovsky
Mikhail Borisovich Khodorkovsky (russian: link=no, Михаил Борисович Ходорковский, ; born 26 June 1963), sometimes known by his initials MBK, is an exiled Russian businessman and 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. 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. 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 of state assets during the 1990s (a scheme known as "Loans for Shares"). In 2001, Khodorkovsky founded Open Russia, a reform-minded organization ... [...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 businessman 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 who own an equal stake each are Platon Lebedev, Mikhail Brudno, Vladimir Dubov and Vasily Shakhnovsky. 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 Menatep was attached to the Komsomol committee in M ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Rosneft
PJSC Rosneft Oil Company ( stylized as ROSNEFT) is a Russian Vertical integration, integrated energy company headquartered in Moscow. Rosneft specializes in the exploration, Extraction of petroleum, extraction, production, refining, Petroleum transport, transport, and sale of petroleum, natural gas, and petroleum products. The company is controlled by the Government of Russia, Russian government through the Rosneftegaz holding company. Its name is a portmanteau of the Russian words (russian: Российская нефть, lit=Russian oil). Rosneft was founded in 1993 as a State-owned enterprises of Russia, 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 Open joint-stock company, OJSC TNK-BP in 2013, then one of the largest oil companies of Russia, Rosneft became the world's largest Publ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Energy Charter Treaty
The Energy Charter Treaty (ECT) is an international agreement that 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. 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 foreign direct investments and global cross-border trade. Awards and settlements of the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gazprom
PJSC Gazprom ( rus, Газпром, , ɡɐzˈprom) is a Russian majority state-owned multinational energy corporation headquartered in the Lakhta Center in Saint Petersburg. As of 2019, with sales over $120 billion, it was ranked as the largest publicly listed natural gas company in the world and the largest company in Russia by revenue. In the 2020 ''Forbes'' Global 2000, Gazprom was ranked as the 32nd largest public company in the world. The Gazprom name is a contraction of the Russian words ''gazovaya promyshlennost'' (, gas industry). In January 2022, Gazprom displaced Sberbank from the first place in the list of the largest companies in Russia by market capitalization. Gazprom is vertically integrated and is active in every area of the gas industry, including exploration and production, refining, transport, distribution and marketing, and power generation. In 2018, Gazprom produced twelve percent of the global output of natural gas, producing 497.6 billion cubic meters ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Yuganskneftegaz
Yuganskneftegaz (russian: Юганскнефтегаз) 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 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Russian Oligarch
Russian oligarchs (Russian language, Russian: олигархи, Romanization of Russian, romanized: ''oligarkhi'') are business oligarchs of the Post-Soviet states, former Soviet republics who rapidly accumulated wealth in the 1990s via the Privatization in Russia, Russian privatisation that followed the dissolution of the Soviet Union. The Failed state, failing Soviet state left the ownership of Public property, state assets contested, which allowed for Blat (favors), informal deals with former Soviet Union, USSR officials (mostly in Russia and Ukraine) as a means to acquire state property. Historian Edward L. Keenan has compared these oligarchs to the system of powerful Boyar#Boyars in Muscovy, boyars that emerged in late-medieval Grand Duchy of Moscow, Muscovy. The first modern Russian oligarchs emerged as business-sector entrepreneurs under Mikhail Gorbachev (General Secretary of the Communist Party of the Soviet Union, General Secretary 1985–1991) during his period of Mark ... [...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. The scheme was primarily overseen by Anatoly Chubais who was linked to USAID program managed by head of the Harvard Institute for International Development (H.I.I.D). at the time. The scheme implementation ultimately resulted in the emergence of an influential class of enterprise owners, known as Russian oligarchs. Enterprises lease To make companies wh ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Permanent Court Of Arbitration
The Permanent Court of Arbitration (PCA) is a non-UN intergovernmental organization located in The Hague, Netherlands. Unlike a judicial court in the traditional sense, the PCA provides services of arbitral tribunal to resolve disputes that arise out of international agreements between member states, international organizations or private parties. The cases span a range of legal issues involving territorial and 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 122 states. The organization is not a United Nations agency, but the PCA is an official United Nations Observer. The PCA was created at the first Hague Peace Conference of 1899. The Peace Palace was built from 1907 to 1913 for the PCA in The Hague. In addition, the building houses The Hague Academy of International Law, Peace Palace Library and the International Cour ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nefteyugansk
Nefteyugansk (russian: Нефтеюга́нск) 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 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Moscow, Russia
Moscow ( , American English, US chiefly ; rus, links=no, Москва, r=Moskva, p=mɐskˈva, a=Москва.ogg) is the Capital city, capital and List of cities and towns in Russia by population, largest city of Russia. The city stands on the Moskva (river), Moskva River in Central Russia, with a population estimated at 13.0 million residents within the city limits, over 17 million residents in the urban area, and over 21.5 million residents in the Moscow metropolitan area, metropolitan area. The city covers an area of , while the urban area covers , and the metropolitan area covers over . Moscow is among the List of largest cities, world's 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 gre ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Norton Rose Fulbright
Norton Rose Fulbright is a British-American multinational law firm. It is the second largest law firm in the United States and one of the ten largest in the world, by both lawyers and revenue. In 2017–18, Norton Rose Fulbright had total revenue of US$2.1 billion. It has more than 3,500 lawyers and other legal staff based in Europe, the United States, Canada, Latin America, Asia, Australia, Africa, and the Middle East. The firm was formed in 2013 by the merger of the British law firm Norton Rose and the American law firm Fulbright & Jaworski. The size and reach (3,800 lawyers and over 50 offices) of the firm following the merger have been maintained through to the present day. History The origin of Norton Rose dates back to 1794 when the sole practitioner Robert Charsley opened for business. In 1821, Charsley formed a partnership with William Barker, creating Charsley & Barker. Later that century, Phillip Rose (later Sir Philip Rose) joined the firm, creating Barker & Rose ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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