Hess Oil's Russian Mob Problem

Jun 6, 2012 Full story: Forbes.com

The American oil giant has become a big player in a mafia-dominated region south of MoscowA A-and gotten involved with some shady characters.

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“Dimitri at the races in Russia”

Since: Jan 10

Loved everywhere

#1 Jun 7, 2012
Should we be surprised at all ?
We all know, Yankees are always involved with criminals, don´t we ?
5th Musketeer

United States

#2 Jun 7, 2012
Ukraine has its gas thieves but we have oil thieves! lol

Indeitsy has operated partly through what seems to be a clear affiliation with New York-based Hess Corp., America’s seventh-largest oil company (2011 sales:$38 billion).

The Indeitsy’s dominant target: pipes belonging to state-controlled Rosneft, the country’s largest producer of crude. Rosneft produces some 180 million barrels of oil in the region each year--the local police have privately estimated that the Indeitsy makes at least $40 million annually by stealing from the company’s pipes in the area.(The group has its tentacles elsewhere, too: Three alleged members were identified 1,000 miles away last year in connection with similar siphoning.) The Indeitsy’s main vehicle for achieving this, according to sources in the region on every side of the situation: subcontractors working for Hess, which bought a controlling stake in a local exploration-and-production entity named Samara-Nafta in 2005. It’s not much different from the warehouse skimming you might see in The Sopranos or Goodfellas; the Hess subcontractors tell the Indeitsy when the coast is clear and then let their trucks suck deeply from the Rosneft straw.

Read the rest of it. 6 pages long and it gets worse.

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