German utility RWE hit financially by mild winter

German utility RWE hit financially by mild winter

ESSEN, Germany, May 14 (UPI) --German energy company RWE said a mild winter in Europe was to blame for a decline in its income, though CEO Peter Terium said he was optimistic nonetheless.
Daniel J. Graeber

RWE sells off oil, gas division to Russian tycoons

ESSEN, Germany, March 17 (UPI) -- German utility company RWE said it agreed to sell off its oil and gas production unit DEA to an investment group led by Russian oil tycoon Mikhail Fridman.

BP facing legal action in Russia

MOSCOW, June 5 (UPI) -- A court in Russia said it agreed to a new hearing in a $13 billion case against British oil major BP for a shelved deal with Rosneft for work in arctic waters.

BP considers sale of its TNK-BP stake

MOSCOW, June 1 (UPI) -- British petroleum giant BP said Friday it was considering offers for TNK-BP, a joint project in Russia that accounts for 25 percent of its oil output.

BP might walk away from TNK-BP

LONDON, June 1 (UPI) -- British energy company BP said it notified its Russian counterparts in joint venture TNK-BP of its interest in pursuing a potential sale of its stake.

Shake-up stirs TNK-BP

LONDON, May 30 (UPI) -- Investors said the latest shake-up at the board of Russia's joint venture with BP suggests a breakup could be in the works.

TNK-BP moves deeper into Amazon basin

MOSCOW, Nov. 1 (UPI) -- Russian-British oil joint venture TNK-BP announced it bought a 45 percent stake in a Brazilian oil company working in the Amazon River basin.

TNK-BP drops legal claim against BP

MOSCOW, Oct. 25 (UPI) -- TNK-BP, a Russian joint venture with BP, scrapped a multibillion-dollar claim against BP a day before the British company said its profits rose.
Hayward leaves TNK-BP

Hayward leaves TNK-BP

MOSCOW, Sept. 27 (UPI) -- Former BP chief Tony Hayward told the board of directors at joint venture TNK-BP he was stepping down from his post to pursue other opportunities.

TNK-BP shakes up board

MOSCOW, Aug. 6 (UPI) -- Anglo-Russian venture TNK-BP announced BP executive Bill Schrader will take over as chief operating officer in the fourth quarter, replacing Tim Summers.

Medvedev steps into TNK-BP row

MOSCOW, Aug. 1 (UPI) -- There have been enough inspections into TNK-BP and the activity should cease, Russian President Dmitry Medvedev said following a meeting of the consortium.

Dudley ousted from TNK-BP chair?

MOSCOW, July 7 (UPI) -- The Russian shareholders of the jointly owned TNK-BP held a meeting Monday to try to remove the company boss from his office in Moscow, officials said.

Disputes heat up at Russian energy company

MOSCOW, June 16 (UPI) -- A fissure in Russian between energy giant TNK-BP's board and its major shareholder group turned into a public brawl last weekend, sources said.

BP's rough ride in Russia

WASHINGTON, May 29 (UPI) -- Since 1991, Western oil companies have eagerly eyed the Russian market. The experiences of British Petroleum in entering the Russian market symbolize the problems facing foreign firms.
JOHN C.K. DALY, UPI International Correspondent

Russian retailers merging in $2.4B deal

MOSCOW, April 13 (UPI) -- Russian discount retailer Pyaterochka is buying rival Perekryostok to form the country's biggest supermarket chain by sales.
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Mikhail Fridman

Mikhail Maratovich Fridman (Russian: Михаи́л Мара́тович Фри́дман; born 21 April 1964 in Lviv, Ukraine) is a Russian businessman. He is one of the youngest of Russian oligarchs. In 2010, Forbes assessed his wealth as $12.7 billion.

Fridman is currently the 3rd richest man in Russia and the 45th richest man in the world according to the 2010 Forbes list with an estimated fortune of $12.7 billion.

Along with Peter Aven, Friedman founded the Alfa Group Consortium, a holding company which today controls Alfa Bank (opened in 1991), Alfa Capital, Tyumen Oil and several construction material firms (cement, timber, glass) as well as food processing businesses and a supermarket chain. The two are also major holders of tea and sugar plant processors.

This article is licensed under the GNU Free Documentation License.
It uses material from the Wikipedia article "Mikhail Fridman."
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