Posts Tagged ‘Gazprom’
Gazprom’s Board of Directors election took place today. Twice. First, they re-elected the Government’s representatives (Shmatko, and Nabuillina). Then they voted to kick them off the board because President Medvedev demanded it. Everyone that is except for the Chairman, Viktor Zubkov (who should also have left under President Medvedev’s rules).
At first, I was really confused, but then I remembered that the election was originally scheduled for the 24th (last Friday), and had been postponed without explanation a few weeks ago. So, quick snap analysis.
This story showed up in my Google Reader a few days ago because I have all the Deputy Prime Ministers in my Reader. It struck me as a little odd, plus it needs to be added to the biographies. Energy Minister Sergei Shmatko is now the co-chairman of the Russian-Bulgarian economic and scientific-technological cooperation commission. The switch from Sobyanin makes sense on the technical side. Shmatko has more experience abroad, and he is a member of Gazprom.
I do not usually buy into decisions made on qualifications. On the other hand, I have not really been able to categorise these two. Sobyanin could go either way, while Shmatko appears to be more closely tied to Medvedev. So it could totally be another attack in the Clan War, but I am not quite ready to label it as one.
Interesting article by Nina L Krushcheva on the make-up of the energy corporations. According to Krushcheva:
About 30% of the Kremlin elite used to work with the secret services or still do, and an astounding 80% are associated with either the Russian or Soviet-era military-industrial complex.
These numbers do not particularly surprise me. Although, I think that the first number seems a little low. Even so, I wholeheartedly recommend this article, along with “Russia’s Significant Seven“. The Seven that Potts refers to are from Forbes Russia’s editor Maxim Kashulinsky. According to Kashulinsky, the Seven are:
1. Vladimir Putin;
2. Igor Sechin;
3. Dmitry Medvedev;
4. Alexei Kudrin;
5. Vagit Alekperov (Lukoil President);
6. Oleg Deripaska (Basic Element);
7. Patriarch Kirill.
I get why he chose these people, I just do not know that I would choose Alexei Kudrin over Slava, and Oleg Deripaska over… choose your own oligarch. Because, let’s face it, while Vagit is at least independent (per Kashulinsky), Deripaska is almost entirely dependent on VVP. It is the nature of the system.
Writing on the gazeta.ru news site, political analyst Stanislav Belkovsky suggested it had long been clear “the corncob would most likely never get built,” adding that Gazprom’s total debt “has reached $60 billion — that is, 30 corncobs.”
The energy giant, he concluded, “would have a hard time finding an extra $2 billion to build a business center. One which, if you look at it carefully and think it through, no one needs.” Read the rest of this entry »
If you find it a little odd that I keep writing about this subject, I do too. It should technically have nothing to do with the Power Vertical, but as I noted in my previous post on this subject, it is turning into a possible Clan War. It is also something that is close to my heart because I lived in Peter for 4 months at Uni. And if I were there now, I would so have been out there with the protesters last weekend. To me this is just another example of the complete lack of respect that the Putin regime has for its country, and its citizens.
P.S. Watch the video in this article entitled “Miller, put your phallus away!” It is worth it for the sign alone. Actually, just watch all the videos.
is totally my hero right now. Of course, he will probably fall flat on his face, but at least he is taking a stand on Gazprom Tower (I am still confused as to the real name… hang on… here it is: Okhta Centre). Again, think of Smolnyy, people of Petersburg! And your status as a World Heritage Site!
One problem, AP, Alexander Avdeyev is not all that powerful. He has had an impressive career, but he may be taking on too much with both Gazprom, and Valentina Matvienko. This could turn out to be the end of his career, or at least the beginning of a clan war.