Hess Oil's Russian Mob Problem
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
#1 Jun 7, 2012
Should we be surprised at all ?
We all know, Yankees are always involved with criminals, don´t we ?
#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., Americas seventh-largest oil company (2011 sales:$38 billion).
The Indeitsys dominant target: pipes belonging to state-controlled Rosneft, the countrys 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 companys 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 Indeitsys 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. Its 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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