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International press

  1. The Washington Times - Russian Roulette

    June 1, 2006
    On May 25, Norex Petroleum, a Cyprus company with Canadian shareholders, received permission to begin discovery against Alfa Group in the U.S. District Court for the Southern District of New York. Norex charges that Alfa Group, the Russian conglomerate and its many affiliates wired millions through U.S. banks, created an illegal slush fund, avoided U.S. and U.K. taxes, and fraudulently seized the oil-producing assets of Norex's Yugraneft subsidiary, thus violating the Racketeer Influenced and Corrupt Organizations Act (RICO), among other U.S. laws.     English  Russian 

  2. Russians admit business failings

    11.12.2001
    Canadian frustrations with sympathy     English 

  3. Alberta oilpatch firms cool on Russia

    25.08.2001
    Uncertainty causes reassessment of investment policy     English 

  4. Opportunities in Russia? That depends who you ask

    13.08.2001
    MOSCOW - Canadian businessmen active in Russia have mixed reactions to news that Jean Chrétien, the Prime Minister, is planning a Team Canada trade mission to Moscow in February.     English 

  5. Russian forcibly takes control of Canadian bank accounts

    The Canada Post  August 2001
    A Russian corporate raider, backed by dozens of armed security guards, has won control of a Canadian oil company's bank accounts, triggering fears that as much as $30-million (U.S.) in assets could be removed from the Canadian firm.     English 

  6. Kukes Vows to Return Chernogorneft

    19.07.2001
    A high-profile battle over a Siberian oil producer involving oil major BP will be resolved by the end of July, Russians No. 4 crude producer Tyumen Oil Co. said Wednesday.     English 

  7. Norex fears $8M missing

    18.07.2001
    A Russian oil company locked in a bitter ownership battle with a Calgary firm over Siberian oilfields pledged Tuesday to keep the operation going until the dispute is resolved.     English 

  8. Tyumen Oil Outlines Confidence-Building Steps for Siberia's Yugraneft Oil

    17.07.2001
    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.     English 

  9. Norex wants company charged after break-in

    17.07.2001
    CALGARY - Norex Petroleum Ltd., the Canadian energy company whose Siberian offices were seized at gunpoint, has hired prominent Russian lawyer Boris Kuznetsov and is considering pressing criminal charges against its joint-venture partner, which led the raid.     English 

  10. Visiting Chretien Raises Oil Spat

    16.07.2001
    President Putin, right, welcoming Canadian Prime Minister Chretien and his grandson before the meeting Friday at the Kremlin.     English 

  11. Chretien adds insult to injury for Norex

    16.07.2001
    OTTAWA - Brian Pallister, Member of Parliament for Portage-Lisgar and Foreign Affairs critic for the Canadian Alliance, today criticized Prime Minister Jean Chretien for his inaction and offensive comments about the case of Norex Petroleum Ltd., the Cinadian proprietors of an oil firm in Russia that was recently seized by armed agents of a competing firm.     English 

  12. Corruption still bane of business in Russia

    The Globe and Mail  14.07.2001
    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.     English 

  13. Chretien turns down Norex

    14.07.2001
    Canada will not intervene in dispute - Calgary Herald article July 14, 2001     English 

  14. Canada's Chretien raises oil row dispute with Putin

    13.07.2001
    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.     English 

  15. Russians replaced managers at gunpoint

    13.07.2001
    Prime Minister Jean Chretien says he cannot interfere in the armed takeover of the biggest Canadian-owned oil company in Russia because it is a matter for the courts.     English 

  16. TNK Gets Hold of Yugraneft Accounts

    13.07.2001
    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.     English 

  17. A Canadian company's woes in Russia

    The Globe and Mail  12.07.2001
    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.     English 

  18. Oil giant sees no role for Chretien

    12.07.2001
    One of Russia's biggest petroleum producers has told the Canadian government to stay out of an escalating diplomatic dispute over the ownership of a Calgary-based company pumping oil in Siberia.     English 

  19. Chretien to ask Putin about Russian seizure of Canadian company's assets

    12.07.2001
    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.     English 

  20. Russian forcibly takes control of Canadian oil firm's accounts

    11.07.2001
    Moscow - A Russian corporate raider, backed by dozens of armed security guards, has won control of a Canadian oil company's bank accounts, triggering fears that as much as $30-million (U.S.) in assets could be removed from the Canadian firm.     English 

  21. Oil czar pleads for aid

    11.07.2001
    MOSCOW - The chairman of a Calgary oil company locked in an ugly ownership dispute pleaded yesterday for Prime Minister Jean Chretien to ask Russian President Vladimir Putin "to use Ms power to get to the bottom of this."     English 

  22. Terror in Siberia

    10.07.2001
    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     English 

  23. Norex oil firm regains control

    08.07.2001
    The owners of a Calgary-based oil company in Siberia are regaining control after about 20 heavly armed men seized control of Yugraneft's office late last month.     English 

  24. Norex regaining control of company

    08.07.2001
    Firm's hopes lie with visit of PM     English 

  25. Booming Siberian Oilfields snapping up Western technology

    07.07.2001
    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     English 

  26. Canadian oil company seized at gunpoint

    CBC  07.07.2001
    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.     English 

  27. Oil firm attack may cast pall over PM's visit

    06.07.2001
    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.     English 

  28. Court Orders TNK Guards Off Oil Field

    05.07.2001
    A Khanty-Mansiisk court on Wednesday ordered guards hired by Tyumen Oil Co. to leave the premises of a Siberian oil complex claimed by a Canadian producer.     English 

  29. TNK Seizes Canadian Oil Company

    03.07.2001
    Tyumen Oil Co. has deployed a team of armed security guards to secure n western Siberian oil complex claimed by a Canadian producer.     English 

  30. Armed gang in Siberia takes over Canadian firm

    30.06.2001
    Takeover will ruin firm, chairman says     English 

  31. Siberian battle

    Oilman fights for firm in standoff with thugs English 

  32. 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 English 

  33. 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. English