The Business On: Igor Sechin, Deputy Prime Minister of Russia
Saturday 05 February 2011
Not the one who uses 'The Godfather' as a life manual?
Not all powerful Russians are the same. That's German Borisovich Khan, according to Wikileaks. He is one of the billionaires behind the TNK-BP joint venture in yet another spat with partner BP. Igor Sechin is Russia's Deputy Prime Minister and the chairman of rival Rosneft, a man dubbed by the Russian press as both "Darth Vader" and "the scariest man on earth".
Has he been Wikileaked as well?
He has. Bob Dudley – now the BP boss, then that of TNK-BP – reportedly fingered Mr Sechin as the puppetmaster behind the "black PR" campaign that forced him to flee Russia after a TNK-BP boardroom fracas in 2008.
But BP's now in bed with Rosneft?
Sure is. And Mr Sechin was absolutely central to the $10bn (£6.2bn) deal that includes share swaps and plans for Arctic oil exploration. Progress is on hold because the AAR consortium that owns half of TNK-BP (of which Mr Khan is a member) claims it violates their shareholder agreement, Kremlin-watchers' response is merely that Mr Sechin will get what he wants.
Is he the scariest man on earth?
Possibly not the entire earth. But he is the "third man" in the Kremlin, alongside the president, Dmitry Medvedev, and the prime minister, Vladimir Putin. He has also leads the boards of Rosneft and the United Shipbuilding Corporation, and is credited with brokering deals with Venezuela on weapons and nuclear technology and with Cuba over oil drilling in the Gulf of Mexico.
But hang on. Isn't Rosneft linked to the Yukos controversy too?
Indeed it is. When rival Yukos was dismantled after CEO Mikhail Khodorkovsky was jailed in 2005, Rosneft snapped up assets on the cheap. Obviously the two things might not be linked. But Khodorkovsky – recently given another 14-year sentence – certainly blames Mr Sechin. "He orchestrated the first case against me out of greed and the second out of cowardice," Khodorkovsky said.
The Microsoft mogul told fans a few home truths during his Reddit AMA
- 1 Woman falls to her death as she celebrates marriage proposal at the edge of Ibiza cliff
- 3 Dad attempts revenge on teenage daughter, plan backfires spectacularly
- 4 Ball pool for adults opens in London
- 5 Amal Clooney gives excellent response to fashion question at European Court of Human Rights
Woman falls to her death as she celebrates marriage proposal at the edge of Ibiza cliff
Boris Johnson claims porn-obsessed Islamic jihadists are 'literally w*****s'
Saudi preacher who 'raped and tortured' his five -year-old daughter to death is released after paying 'blood money'
Ball pool for adults opens in London
Amal Clooney gives excellent response to fashion question at European Court of Human Rights
9 reasons Greece's experiment with the radical left is doomed to failure
'We would evict Queen from Buckingham Palace and allocate her council house,' say Greens
Have we reached 'peak food'? Shortages loom as global production rates slow
Greece elections: Syriza and EU on collision course after election win for left-wing party
British grandmother Lindsay Sandiford faces execution by firing squad in Indonesia
Liberal Democrat minister defends comments suggesting immigration causes pub closures
iJobs Money & Business
£40000 - £50000 per annum: Recruitment Genius: This is an exciting opportunity...
£30000 - £35000 per annum + Benefits: Ashdown Group: Marketing Manager - Marke...
£13000 per annum: Recruitment Genius: This Pension Specialist was established ...
£23000 - £26000 per annum + Benefits: Ashdown Group: Market Research Executive...