Publications

The further reduction of Gazprom’s export monopoly will not be a process of de-monopolisation in the strict sense.

Analyses
2014-06-11
Szymon Kardaś
On 11 April the Russian and Western media announced that Rosneft and BP were holding negotiations with the Russian consortium Alfa, Access/Renova (AAR), the holder of 50% of shares in TNK-BP, on the purchase of their shares in TNK-BP. This move would enable Rosneft and BP to finalise the transaction agreed upon this year on the exchange of shares and the exploitation of oil fields in the Arctic. The transaction was blocked legally by AAR. Despite the involvement of the Russian government which de facto supported AAR, the method of ultimately resolving the conflict remains unclear.
Analyses
2011-04-13
On 11 April the deputy prime minister, Igor Sechin, announced that he was stepping down as the chairman of the supervisory board of the state-owned oil company Rosneft. The reason for his resignation was the necessity to fulfil the order of President Medvedev from 2 April that banned officials in the rank of deputy prime ministers and ministers from taking positions in 17 state-owned companies. The fact that Sechin is leaving Rosneft means a certain weakening of his position in the Russian ruling elite but it will not affect the influence the government has on the management of one of the most important Russian companies.
Analyses
2011-04-13
On 1 March, Gazprom won the tender for the assets of the bankrupt company Rusia Petroleum, including a licence to exploit the Kovykta, one of the largest gas deposits in Russia. This ends the almost four-year struggle by the Russian gas monopolist to remove the TNK-BP group (Rusia Petroleum’s major shareholder) from the project and gain control over the deposit. However, Gazprom should not be expected to start extracting gas from the Kovykta before 2018.
Analyses
2011-03-02
On November 16, one of the best-known Russian bloggers, the lawyer Alexei Navalny, published online documents about large-scale financial fraud during the construction of the Eastern Siberia–Pacific Ocean pipeline (ESPO). The documents he has disclosed, which come from the internal audit of the project carried out in 2008 by the investor Transneft, indicate that during the pipeline’s construction in 2006-2007, over US$4bn was embezzled. According to Navalny, Transneft’s board of directors and the highest authorities in Russia are responsible for this massive fraud.
Analyses
2010-11-17

 When interpreting the "Yukos affair", it is hard to focus on any single particular motive or explanation that would easily rationalise the government's actions against the company. The "Yukos affair" is a multi-layered process with a number of different reasons for its cause. When one scrutinises the events around the company, the impression may be obtained that the Kremlin seemed at first not to have had any ultimate strategy; the authorities' position evolved as time went by. At first, the conflict was mainly of a political nature; economic factors did not arise until later, when the oil sector was undergoing changes in ownership.

OSW Studies
2006-08-15
Wojciech Konończuk