A Canadian company's woes in Russia
The Globe and Mail
Canadian firms considering operating in Russia should first take a long look at the sad story of Calgary-based Norex Petroleum and its majority investment in Russian oil company Yugraneft.
Corruption still bane of business in Russia
The Globe and Mail
German watchdog group Transparency International released its annual corruption index two weeks ago, ranking Russia and several other former Soviet states among the most corrupt nations in the world.
Russian oil firm denies using force
Tyumen Oil Co. vowed yesterday it will lay off no one and will continue paying taxes from a Siberian joint venture whose ownership is the subject of an ugly international dispute with a Calgary company.
Tyumen officials said all crude produced from the Yugraneft project in western Siberia will be sold at market prices, and denied reports it ordered gunmen to storm Calgary-based Norex Petroleum's Russian offices and forced workers to leave.
Canada's Chretien raises oil row dispute with Putin
MOSCOW, July 13 (Reuters) - Canadian Prime Minister Jean Chretien said on Friday he had discussed a joint venture row between a Canadian firm and Russia's fourth largest oil producer with President Vladimir Putin.
The spat between Canada's Norex Petroleum and Russia's Tyumen Oil Company over a small Siberian oil producer, Yugraneft, has become increasingly acrimonious.
Chretien to ask Putin about Russian seizure of Canadian company's assets
MOSCOW (CP) - Prime Minister Jean Chretien said Thursday he will ask Russian President Vladimir Putin about the seizure of a Canadian-owned oil company by armed men representing a rival company in Russia.
Norex Oil firm regains control
The owners of a Calgary-based oil company in Siberia are regaing control after about 20 heavily armed men seized control of Yugraneft’s office late last month. - Calgary Herald article
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Terror in Siberia
Seven Alberta workers have endured a “nerve-wracking experience” since men armed with semi-automatic weapons seized control of an oilfield owned by their Canadian employer 12 days ago. -
Calgary Sun article July 10, 2001
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Booming Siberian Oilfields snapping up Western technology
With the Russian economy slumping and the beleaguered ruble losing ground, the country’s oilpatch is headed in the opposite direction as producers clamour to import Western technology. - Calgary Herald article July 7, 2001
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PM, Putin to defuse oil firm hijacking
The violent takeover of a Canadian oil company last week in Siberia is threatening to cast a shadow over Prime Minister Jean Chretien’s goodwill trip to Russia next week. - Calgary Herald article July 2001
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Tyumen Oil Outlines Confidence-Building Steps for Siberia's Yugraneft Oil
Tyumen Oil Co. pledged today to maintain the workforce, tax payments and market
pricing for oil of Yugraneft, a Western Siberian joint venture whose ownership is in dispute with a group of Canadian investors.
TNK Gets Hold of Yugraneft Accounts
The Moscow Times
On the eve of the Canadian prime minister's meeting with President Vladimir Putin, Tyumen Oil Co. has taken total control of an oil complex claimed by a Canadian producer.
Canadian oil company seized at gunpoint
CBC
MOSCOW - A Canadian oil company operating in Russia says it has been the victim of a hostile takeover – at the business end of a machine gun.
Oil firm attack may cast pall over PM's visit
OTTAWA - The gunpoint takeover of a Canadian oil company last week in Siberia is threatening to cast a shadow over Prime Minister Jean Chrétien's goodwill trip to Russia next week.
Chretien turns down Norex
Canada will not intervene in dispute - Calgary Herald article July 14, 2001
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