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Posted

It is stored plane being taken for test flight after checkup.

  • 5 weeks later...
Posted

It had lost control, but was secured yesterday already.

Posted

Gazprom is planning a mass layoff in its central office and the St. Petersburg branch, Russian media report.

Allegedly, Russia's biggest corporation will fire almost half of its "central apparatus" staff.

Another confirmation of the troubling outlook for the Russian energy sector this year.

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Posted
33 minutes ago, JWB said:

Gazprom is planning a mass layoff in its central office and the St. Petersburg branch, Russian media report.

Allegedly, Russia's biggest corporation will fire almost half of its "central apparatus" staff.

Another confirmation of the troubling outlook for the Russian energy sector this year.

Image

Entire Russia would applaude this useless highly-paid office dwellers finally fired. The only cimplain is why only half of them fired, not all of them. Let them go to Siberia, to gas fields jobs, to find out how money for their luxury life were made.

Posted
1 hour ago, Roman Alymov said:

Fresh Russian joke: "Biden may meet with Yeltsin much earlier than Trump meet with Putin." (Yeltsin passed away in 2007)

LOL!Ā  I like that.Ā Ā 

Posted
7 hours ago, Roman Alymov said:

The only cimplain is why only half of them fired, not all of them

Who runs the company then?

Posted
On 1/14/2025 at 5:49 AM, JWB said:

Who runs the company then?

Gazprom have inhereted the network of regional offices (who are in charge of actual work). Back in Soviet time, there was no "Gazprom" (untill 1989 when "Gazprom" was created following example of Italian "Eni")Ā but the system was working even better without all this highly paid managers in luxury tower in StPete.

Posted
47 minutes ago, Roman Alymov said:

Gazprom have inhereted the network of regional offices (who are in charge of actual work). Back in Soviet time, there was no "Gazprom" (untill 1989 when "Gazprom" was created following example of Italian "Eni")Ā but the system was working even better without all this highly paid managers in luxury tower in StPete.

You want to re-nationalize? be careful it would probably fail:Ā https://www.economist.com/business/2019/07/13/latin-americas-state-run-oil-giants-are-struggling

Posted
On 1/15/2025 at 7:59 PM, Roman Alymov said:

Return of national assets (not only "Gazprom") to real national posession could only be called "re-nationalization" by those who call looting "privatization".

What do you mean by looting?

Posted
On 1/17/2025 at 5:39 AM, JWB said:

What do you mean by looting?

The process of national property, created by hard work of many generations, becoming personal assets of selected few.

Posted
3 minutes ago, Roman Alymov said:

The process of national property, created by hard work of many generations, becoming personal assets of selected few.

That is only looting if property is stolen. How did those select few acquire those assets?

Posted
5 hours ago, JWB said:

That is only looting if property is stolen. How did those select few acquire those assets?

For example, see how Comsomol activist Mikhail Khodorkovsky became nominal owner of Russia's biggest oil company. Or how modest Soviet foreign trade junior manager (and Communist party member) Mikhail Prokhorov became owner of Norilsk Nickel (without ever going to ore mine)and so on....Ā 

Posted

"Khodorkovsky acquired the Yukos oil company for about $300 million through a rigged auction."

That is a bad look but that company was nearly $4 billion in debt and he turned it around. Which means rigging the auction might have been a good thing because if somebody else got control Yukos might have gone away for ever.

18 hours ago, Roman Alymov said:

Mikhail Prokhorov became owner of Norilsk Nickel (without ever going to ore mine)and so on....Ā 

Why would it be required to be a miner before being owner of a mining company? He graduated from a prestigious university and worked his way up.Ā 

Posted
19 minutes ago, JWB said:

"Khodorkovsky acquired the Yukos oil company for about $300 million through a rigged auction."

That is a bad look but that company was nearly $4 billion in debt and he turned it around. Which means rigging the auction might have been a good thing because if somebody else got control Yukos might have gone away for ever.

"On November 13, 1995, the State Committee for State Property Management of the Russian Federation approved the plan for the privatization of OAO Oil Company Yukos: 45% of the company's shares were secured in federal ownership for three years, 33% were to be sold at an investment tender, 7% were transferred for subsequent placement on the securities market, and 7.96% were to be sold. at specialized cash auctions, 7.04% were to be sold to the company's employees[5].

In December 1995, as a result of collateral auctions, the company moved from state control to the control of Mikhail Khodorkovsky's Menatep Group. At the same time, the government had previously placed $120 million in Menatep Bank, which the bank then lent to the state[6]. When Menatep acquired the Yukos oil company, it was valued at $ 350 million, although after 8 months its market capitalization was about $ 6.2 billion[7].

On December 23, 1996, the state-owned 33.3% stake in Yukos was put up for tender at a starting price of $160 million with an investment condition — during 1996-1998, the winner of the tender pledged to invest $ 200 million[5][8]. The winner of the competition was CJSC Mont Blanc, part of the Menatep group[8]. The price offered by Mont Blanc for the stake was $160.1 million, which exceeded the starting price by only $100 thousand.[5][8]

On February 19, 1997, the Yukos shareholders' meeting voted to merge with the Rosprom Group[8].

In the early 2000s, Yukos actively opposed the tax reform of the oil industry in Russia at that time, which consisted in the abolition of poorly administered taxes (fees for the use of mineral resources, a tax on the reproduction of mineral resources and excise taxes on crude oil), as well as the introduction of a tax on mining and fixing of export duties on oil as a permanent tax institution[9].

In early 2003, the process of merging Yukos and Sibneft began, which was not completed due to the start of the so-called Yukos affair." (Ā Š®ŠšŠžŠ” — Š’ŠøŠŗŠøŠæŠµŠ“ŠøŃ)

I bope this is enough to see the roots of great business success ofĀ Mikhail Khodorkovsky. The same withĀ Mikhail Prokhorov

Ā Ā 

Posted

No, I completely understand what you are saying Roman.Ā  I agree with you there was some corrupt stuff involved.Ā Ā 

Posted
6 hours ago, Murph said:

No, I completely understand what you are saying Roman.Ā  I agree with you there was some corrupt stuff involved.Ā Ā 

I don't see any corruption.Ā 

A company going from $350M to $6.2B is eye opening but not unheard of.Ā 

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