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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    A Russian company paid $ 250 million to an anonymous consulting firm to obtain oil deals in Kurdista

    Rocky
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    A Russian company paid $ 250 million to an anonymous consulting firm to obtain oil deals in Kurdista Empty A Russian company paid $ 250 million to an anonymous consulting firm to obtain oil deals in Kurdista

    Post by Rocky Mon 02 Mar 2020, 3:10 pm


    A Russian company paid $ 250 million to an anonymous consulting firm to obtain oil deals in Kurdistan

    16:58 - 02/03/2020



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    Information / translation ...
    British Bloomberg Agency revealed in a report on Monday that the Russian government oil company Rosneft sumed $ 250 million to a mysterious foreign consulting firm to help secure oil deals in the Kurdistan region of [You must be registered and logged in to see this link.] .
    The report, which was translated by the information agency, stated that the documents shed new light on this type of dealings, as the fees were linked to deals that helped Rosneft to become the dominant foreign player in the Kurdish oil industry.
    He added that "the amount paid is very large in the standards of financial advice. By way of comparison, the advisory fees for mergers and acquisitions of the 12 largest global investment banks in the MENA region reached about $ 400 million last year."
    He continued, “The payments were made between 2017 and 2018 by the Russian oil company, where the fees were recently disclosed in the financial statements of a Singaporean subsidiary established by Rosneft as a holding company for its investments in Kurdistan, while the consultant was not specifically named.”
    Rosneft said that "all deals were subject to inclusion in the consolidated accounts of the parent company and the accounts of its subsidiaries, while the spokesman for the Ministry of Finance of the Kurdistan Regional Government refused to comment on the matter."
    The report noted that "Rosneft has provided $ 3 billion to the Government of Kurdistan [You must be registered and logged in to see this link.] in exchange for future oil supplies in the years 2017 and 2018, which provided important funds for the troubled region in northern [You must be registered and logged in to see this link.] ." According to the report.
    The report noted that, "and with the Kurdish government seeking to sell its oil independently of Baghdad, the semi-autonomous region has become a magnet for some of the largest oil traders in the world. The oil revenues meant that the region would rely less on Baghdad to obtain financing, and the central government initially tried to block sales by lawsuits to seize the oil tankers. Ended / 25 z


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