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2014-09-03 17:30:00

GAZPROM: CORRUPTION IN SWITZERLAND

GAZPROM: CORRUPTION IN SWITZERLAND

Managers of Russia's state-controlled natural gas exporter Gazprom may face corruption charges in Switzerland, the Swiss federal prosecutor's office said, confirming a Swiss media report.

Swiss newspaper Tages-Anzeiger said on Monday two Gazprom managers - one of them still working, the other retired - and two other individuals may face charges related to alleged bribes paid between 2004 and 2006 in connection with the construction of the Yamal gas pipeline that connects Siberia to Germany.

"The federal prosecutor is conducting an investigation against four individuals suspected of misappropriation, forgery of documents, money laundering and bribery of foreign government officials," the prosecutor's office said in an emailed statement on Monday night in response to an enquiry about Gazprom.

"Last preparations for bringing charges are under way," the office said.

Gazprom said in an e-mailed response to Reuters questions that it had not received any requests or information from Swiss prosecutors.

Last November, the Swiss federal prosecutor's office closed an investigation into Siemens Industrial Turbomachinery (SIT), a subsidiary of Germany's Siemens, after SIT admitted inadequate enforcement of compliance regulations in relation to Yamal gas pipeline projects and paid 125,000 Swiss francs ($135,751) in reparation as well as $10.6 million in compensation to the Swiss state for unlawfully obtained profits.

The prosecutor's office said in a press release at the time that bribes had been paid by SIT to senior executives of "Russia's largest natural gas production company" between 2004 and 2006 via Swiss bank accounts in relation to contracts awarded to SIT for the supply of gas turbines during the construction of the pipeline.

reuters.com

Tags: GAZPROM, GAS, RUSSIA, SWITZERLAND, GERMANY

Chronicle:

GAZPROM: CORRUPTION IN SWITZERLAND
November, 22, 11:05:00

NIGERIA & CHEVRON PROJECT &1.7 BLN

Nigerian National Petroleum Corporation (NNPC) and Chevron Nigeria Limited (CNL) have executed the second and final phase of an Alternative Financing Agreement that would increase crude oil production in the country by about 39,000 barrels per day.

GAZPROM: CORRUPTION IN SWITZERLAND
November, 22, 11:00:00

MAERSK-AKER-HALLIBURTON ALLIANCE

OGJ - Maersk Drilling and Aker BP announced a drilling rig alliance based on a tripartite collaboration model that also includes service provider Halliburton Co.

GAZPROM: CORRUPTION IN SWITZERLAND
November, 20, 09:35:00

OIL PRICE: ABOVE $62 YET

REUTERS - Brent crude futures LCOc1, the international benchmark for oil prices, were at $62.56 per barrel at 0439 GMT, down 16 cents, or 0.3 percent, from their last close. U.S. West Texas Intermediate (WTI) crude futures were at $56.59 a barrel, up 4 cents, or 0.1 percent, from their last settlement.

GAZPROM: CORRUPTION IN SWITZERLAND
November, 20, 09:30:00

ROSNEFT'S WORLD RECORD: 15000 M

Rosneft as a member of Sakhalin-1 Consortium successfully completed drilling of the world's longest well from Orlan platform at Chaivo field in the Sea of Okhotsk. The length of the well with horizontal completion is 15000 m which currently is a world record. This is a supercomplex well with DDI (Directional drilling index) of 8.0 and 14,129 m stepout.

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