Total Gets First 10% Of Abu Dhabi’s National Oil Company’s Concession
Total, the French oil company, won a 10% stake in its re-negotiated deal with Abu Dhabi National Oil Company (ANOC), according to Reuters. The onshore oil concession with four oil majors had expired after More...
Mikhail Fridman Says Era of Lower Oil Prices Has Begun
Although some analysts believe it is only a matter of time until oil prices rebound, billionaire Mikhail Fridman, one of the richest men in Russia, believes that low prices are here to stay. “While many More...
Russia’s Crackdown on Billionaire Prompts Comparisons to Khodorkovsky Case
Russian billionaire Vladimir Yevtushenkov said he bore no grudge against the state for putting him under house arrest and seizing his stake in an oil company, moving to ease ties after the asset grab scared More...
Walk Away: Daniel Loeb, George Soros Ditch Shares in Argentinian Oil Company
With oil prices dropping globally, hurting economies that are most dependent on the price of the commodity, fund managers Daniel Loeb and George Soros cut their stakes in YPF SA, an Argentinian oil company, More...
Russian Fallen Oligarch Khodorkovsky Implicated in Murder
First it was financial shenanigans, now it is possibly murder. Mikhail Khodorkovsky, who spent 10 years in jail for tax evasion, fraud and money laundering until he was pardoned by Putin has been accused More...
Stanford Professor Michael Boskin: Policy “Crimes”
– When the Berlin Wall fell a quarter-century ago this November, pundits led by Francis Fukuyama proclaimed the end of history – the triumph of democratic capitalism over all rival systems. America’s More...
Khodorkovsky’s New Movement Looking to Bring Down Putin
Mikhail Khodorkovsky, who spent a decade in prison for “economic crimes, ” on orders from Russian strong man Vladimir Putin, on Saturday launched a movement of pro-European Russians to topple More...
Egyptians Pick Up $5.5 Billion in Suez Canal Expansion Bonds
As of Thursday, Egyptian citizens purchased 39 billion Egyptian liras ($5.5 billion) worth of Suez Canal investment certificates in six working days, amounting to better than half of the funds the government More...
Russia’s Richest Hit Hard by Sanctions
U.S. sanctions against Russia are taking their toll against Russia’s wealthiest people. The Bloomberg Billionaires Index shows a $14.6 billion loss since the beginning of the year, with American billionaires More...
Ex-Tycoon Khodorkovsky Accusing Putin of Lies, Wants Russians to Rally in the Streets
Former Russian oil tycoon Mikhail Khodorkovsky (he’s still worth about $170 million), who spent 10 years in President Vladimir Putin’s prison system, said on Friday that Moscow is lying about More...