
	Where results make sense

Topic: Gazprom

In the News (Fri 24 May 13)

EXECUTIVE POWER

Iran

ANALYSIS

Pakistan

Family compact

	Gazprom - Wikipedia, the free encyclopedia
		Gazprom slowly established credibility in the western capital markets with an offering of 1% of its equity to foreigners in October 1996 in the form of London Depository Receipts and a successful large bond issue of US$ 2.5 billion in 1997.
		Gazprom conducted dubious transactions with Florida-based gas-trading company Itera and a Gazprom/Itera joint-venture, Purgaz, in the late 1990s, which allegedly benefited various management members and their relatives.
		In 2004, President Putin announced that Gazprom is acquiring the state-owned oil-company Rosneft and that this will "eventually lead to the lifting of foreign ownership restrictions on Gazprom shares", as the stake of the Russian government in Gazprom will rise from 38.37% to a contolling position.
	en.wikipedia.org /wiki/Gazprom (976 words)

	Gazprom (Site not responding. Last check: 2007-10-09)
		The Russian joint-stock company Gazprom was founded in accordance with the Decree of the President of the Russian Federation of 5 November 1992 and the Resolution of the Council of Ministers of the Russian Federation of 17February 1993.
		Gazprom's subsidiary Gazexport and the SNAM (Eni Group) reached an agreement to supply liquefied gas to Italy in future.
		Gazprom representing Russia, and state company Oil and Gas Transport representing Kazakhstan, are responsible for the Agreement fulfillment.
	www.gazprom.com /eng/articles/article8517.shtml (4649 words)

	Business, Gazprom, Oligarch Gusinsky - Johnson's Russia List 7-10-02
		Gazprom has thus obtained sole control over its media assets and an opportunity to sell them in a holding, which is as a matter of fact more profitable than selling them by shares.
		Commenting on the transaction, Gazprom CEO Alexei Miller said: "We hope that consolidation of the equity capital creates more favorable conditions for negotiating with the potential investors further on," having especially stressed the fact that acquisition of all liabilities of its companies before Gusinsky's companies is rather important for Gazprom-Media.
		Initially, Gazprom's Board of Directors intended to determine the future of the media assets as far back as January 15, but the discussion was postponed a few times.
	www.cdi.org /russia/Johnson/6347-7.cfm (613 words)

	Gazprom -- Facts, Info, and Encyclopedia article (Site not responding. Last check: 2007-10-09)
		Gazprom supplies almost all the gas needs of central Europe and the former (A former communist country in eastern Europe and northern Asia; established in 1922; included Russia and 14 other soviet socialist republics (Ukraine and Byelorussia an others); officially dissolved 31 December 1991) Soviet Union.
		Gazprom slowly established credibility in the western (Click link for more info and facts about capital market) capital markets with an offering of 1% of its equity to foreigners in October 1996 in the form of London Depository Receipts and a successful large bond issue of $2.5 billion in 1997.
		Gazprom is acquiring (Click link for more info and facts about Rosneft) Rosneft.
	www.absoluteastronomy.com /encyclopedia/g/ga/gazprom.htm (573 words)

	New Hope for Gazprom Reform?
		Gazprom hopes the new market leads to a doubling of domestic tariffs in four to five years.
		The newsletter quoted unnamed observers as saying, "Gazprom hopes that if prices become more favorable on the domestic market, independent producers will be less interested in the export market." The condition means the independents would only be allowed to sell domestically for a fraction of Gazprom's export revenues, although they would have the same costs.
		Gazprom's refusal to open its market fully to competition comes at a time when its output has been falling steadily due to lagging investment.
	www.freeserbia.net /Articles/2002/Gazprom.html (943 words)

	SignOnSanDiego.com > News > World -- Gazprom agrees to purchase majority Sibneft stake for $13 billion
		MOSCOW –; Gazprom, the world's largest natural-gas producer, has agreed to buy a majority stake in the Sibneft oil company for $13.01 billion in a deal that will significantly further the state-controlled company's stature in the oil sector as Russian President Vladimir Putin moves to recapture government influence in the lucrative energy industry.
		Gazprom, which came under state control in June when the government increased its stake to above 50 percent, has long been groomed as a state energy company to rival Saudi Arabia's Aramco.
		Rosneft had been slated to merge with Gazprom as part of the government's attempt to increase its stake in the gas company to a controlling interest.
	www.signonsandiego.com /news/world/20050928-0703-russia-gazprom-sibneft.html (688 words)

	Alexander's Gas & Oil Connections - On Gazprom
		Gazprom's clout comes not just from its wealth, but from politically-charged roles such as extending Russian influence in countries it supplies with gas and subsidizing Russian industries and households with cheap gas at government-set prices.
		News organizations have reported that Gazprom gave $ 1 bn in contracts to Stroitransgaz, whose major shareholders included two sons of former Gazprom chairman Viktor Chernomyrdin and the daughter of current CEO Rem Vyakhirev.
		Chernomyrdin, a former gas minister who led Gazprom's privatisation, was Russia's prime minister from 1992 to 1998, then returned to Gazprom as board chairman before resigning last year.
	www.gasandoil.com /goc/company/cnr11953.htm (540 words)

	CNN.com - Gazprom to buy Central Asia gas - Apr. 10, 2003
		Gazprom agreed to buy Turkmen gas for $44 per 1,000 cubic meters, paying 50 percent in cash and 50 percent in equipment to develop Turkmenistan's gas sector.
		He said it was good for Gazprom to finalise the contract at last, after nearly two years of negotiations, but it had been signed on Turkmenistan's terms.
		Gazprom, which supplies Europe with one fourth of its gas needs, sells gas in Europe at $90-$120 per 1,000 cubic meters, but at just $21.5 at home, where prices are capped by the state.
	cnn.com /2003/BUSINESS/04/10/russia.gazprom.reut (530 words)

	Gazprom Chief Slips Into N. Korea
		Gazprom CEO Alexei Miller slipped into reclusive North Korea on a trip that analysts said was as much driven by Moscow's geopolitical diplomacy as by Pyongyang's desperate need for energy.
		Gazprom had been mulling various routes for pipeline options to supply South Korea and Japan with oil and gas, including a route through North Korea.
		For Gazprom, Smith said the most economic way of building a pipeline to South Korea from Siberia is to run it via North Korea since an offshore route would be too costly.
	www.themoscowtimes.com /stories/2005/01/24/044.html (511 words)

	Gazprom
		Gazprom owns and the operates a land section of the gas pipeline.
		Gazprom provided the rest part of financing of the land section of the project construction due to debt recovery.
		In particular, in December 2000 Gazprom drawn for these purposes the medium-term facilities in the sum of Euro 250 million from the consortium of international banks led by Hipovereints Bank AG.
	www.gazprom.com /eng/articles/article8895.shtml (1412 words)

	BW Online \| February 18, 2002 \| Gazprom: Russia's Enron?
		The problem is that Gazprom, renowned for its secrecy, is difficult to audit.
		Suspecting that Gazprom management was using Itera as a front company for the improper transfer of assets, a shareholder faction led by Browder sought to engage Big Five auditor Deloitte and Touche to investigate Gazprom-Itera transactions.
		The belief that Gazprom remains largely opaque is a big reason why the stock remains depressed.
	www.businessweek.com /magazine/content/02_07/b3770079.htm (1770 words)

	USATODAY.com - Russia's Gazprom adds to influence, buys Sibneft (Site not responding. Last check: 2007-10-09)
		The deal will significantly increase Gazprom's stature in the oil sector as Russian President Vladimir Putin moves to recapture government influence in the lucrative energy industry.
		Gazprom, which came under state control in June when the government increased its stake to above 50%, has long been groomed as a state energy company to rival Saudi Arabia's Aramco.
		According to Nesterov's calculations, Gazprom will see its oil output soar from about 13.1 million tons to about 57 million tons per year with the purchase, ranking it sixth in Russia.
	www.usatoday.com /money/industries/energy/2005-09-28-gazprom_x.htm?csp=36 (520 words)

	JRL 3-27-02 - Russia, United States, Gazprom, Itera Holding
		But Gazprom shareholders complained that the grant gave a stamp of approval from the American government to a company they say has benefited improperly from asset-stripping at Gazprom, a charge that Itera denies.
		Gazprom extended more than $600 million in loan guarantees to Itera, and some analysts and shareholders have said that they think Gazprom managers secretly enriched themselves or their relatives by transferring Gazprom assets to Itera.
		The managers who ran Gazprom through the 1990's were removed last year by the Russian president, Vladimir V. Putin, who said that enormous sums of money had leaked out of the company.
	www.cdi.org /russia/johnson/6159-12.cfm (724 words)

	Bloomberg.com: Europe (Site not responding. Last check: 2007-10-09)
		Gazprom will move ahead with plans to buy Rosneft after the government yesterday decided that Yugansk will be split off from Rosneft and run as a separate state-owned company, Gazprom's Miller said today on NTV television.
		Gazprom local shares fell 0.8 percent to 82.38 rubles, after earlier rising as much as 2.4 percent to a 14-week intraday high.
		Gazprom's acquisition of Rosneft will give it a 20 percent stake in the $12 billion Sakhalin-1 oil and gas project led by Exxon Mobil Corp. Gazprom also has been negotiating for roles in the Sakhalin-2 project, led by Royal Dutch/Shell Group, and TNK- BP's Kovykta gas field project in Siberia.
	www.bloomberg.com /apps/news?pid=10000085&sid=aysVcGHDUH98&refer=europe (1020 words)

	Gazprom Gas Company - MN-FILES - MOSNEWS.COM (Site not responding. Last check: 2007-10-09)
		According to the company’s official website, Gazprom is 100% founder of 58 subsidiaries (as of September 1, 2002).
		Gazprom has made substantial progress in a comprehensive restructuring programme to increase its profitability, efficiency and transparency.
		Gazprom to Pump 55Bln Cubic Meters of Gas via North Europe Pipeline by 2010
	www.mosnews.com /mn-files/gazprom.shtml (717 words)

	Russia Country Analysis Brief (Site not responding. Last check: 2007-10-09)
		Gazprom also plans to establish an equity share in the wholesale power generating sector and in the nuclear realm though partial purchases of soon-to-be-separated wholesale power producers and by obtaining a majority stake in Russia’s only nuclear technology exporter, Atomstroieksport.
		Gazprom, Russia's state-run natural gas monopoly, holds nearly one-third of the world’s natural gas reserves, produces nearly 90% of Russia’s natural gas, and operates the country’s natural gas pipeline network.
		Gazprom is also Russia’s largest earner of hard currency, and the company’s tax payments account for around 25% of federal tax revenues.
	www.eia.doe.gov /emeu/cabs/russia.html (5754 words)

	Gazprom Admits to OMZ Buy
		A unit of state gas monopoly Gazprom has bought a controlling stake in heavy machinery firm OMZ, officials said Wednesday.
		Gazprom had previously denied that it was behind the purchase, which came to light in a recent broker's note to investors.
		Gazfond, another Gazprom unit, controls about 15 percent in OMZ, while the rest used to be divided among the company's managers and subsidiaries.
	www.themoscowtimes.com /stories/2005/11/10/049.html (255 words)

	BBC News \| BUSINESS \| Gazprom boss fired
		The position of Gazprom chief executive is a prominent one - Gazprom controls a quarter of the world's known gas reserves, and accounts for a fifth of Russia's export revenues and taxes.
		An investigation by German and Russian newspapers suggested that bosses at Gazprom used a web of shadow companies to siphon off the company's money and assets to a network of family and friends, including the sons and daughters of Gazprom's current management.
		For Gazprom's critics, the worst-case scenario was having Mr Vyakirev stay put - sending a signal to the West that it's business as usual for Russia's wealthy elite.
	news.bbc.co.uk /hi/english/business/newsid_1359000/1359774.stm (861 words)

	Gazprom to Increase Exports to Israel - COMPANY NEWS - MOSNEWS.COM (Site not responding. Last check: 2007-10-09)
		Russian natural gas monopoly Gazprom has begun negotiations with Israeli government regarding the increase of gas deliveries to this country.
		Gazprom’s Chairman Alexei Miller is currently on a three-day visit to Israel to consult representatives of Israeli energy companies and the country’s government officials on the issues of expanding Russian gas exports to the country.
		Gazprom may use Blue Stream gas pipeline which spans Turkish territory to increase its export to Israel, said monopoly’s press secretary, adding that the company may also participate in the construction of gas transportation infrastructure in Israel.
	www.mosnews.com /money/2004/05/31/gazpromisrael.shtml (564 words)

	Gazprom (Site not responding. Last check: 2007-10-09)
		In 2004, Russian President Putin announced that Gazprom is acquiring the state-owned oil-company Rosneft and that this will "eventually lead to the lifting of foreign ownership restrictions on Gazprom shares", as the stake of the Russian government in Gazprom will rise from 38.37% to a contolling position.
		In 2005, Gazprom purchased an important part of Yukos, and the most important free newspaper, Izvestia.
		It is likely that the owner of Izvestia voluntarily sold the newspaper to the state-owned Gazprom in order to avoid the same fate as Mikhail Khodorkovsky.
	www.worldhistory.com /wiki/G/Gazprom.htm (833 words)

	[No title] (Site not responding. Last check: 2007-10-09)
		Gazprom's unit in Astrakhan produces 10.5 billion cubic metres of gas a year or less than 2 percent of Gazprom's total output.
		The French firm is now seeking a broader partnership with Gazprom, which has already shortlisted Total to help it develop the giant Shtokman gas field in the Barents Sea alongside four other firms from Norway and the United States.
		Gazprom wants to launch Shtokman next decade and supply Europe and the United States with liquefied natural gas from it for more than 50 years.
	today.reuters.com /business/newsarticle.aspx?type=naturalResources&storyID=nL09764059&imageid=&cap= (222 words)

Try your search on: Qwika (all wikis)