${log.root}/lowem.log
Inflation, Investing and Everything


All | Musings | Tech | Java | Biz | Energy | Env

AddThis Feed Button
20070717 Tuesday July 17, 2007

Russia to allow private armies for energy giants

peakoil.com -> guardian.co.uk :

Russia's parliament voted yesterday [4 Jul 2007] to allow the country's two biggest energy monopolies, Gazprom and the state oil pipeline company Transneft, to employ and arm private security units. Under the deal, Russia's interior ministry will supply Gazprom with guns from its own armoury. The weapons that the armed units will be allowed to carry are restricted to hand-guns and pump-action shotguns. The law includes no restriction on the number of armed employees.

Supporters of the plan say that Russia's oil and gas installations - which are key to the country's boom and burgeoning economic revival - have to be protected from terrorist attack at all cost. However, Gennady Gudkov of the Fair Russia party, said the law paved the way for the creation of corporate armies and described it as "a Pandora's box". "Gazprom and Transneft are proposing the creation of their own corporate armies," he told the chamber.

Gazprom is Russia's biggest company. It controls a fifth of the world's gas reserves, runs entire towns with martial efficiency, and owns a newspaper and the country's third-largest bank. Many observers regard the state-owned energy giant as a state within a state and also the Kremlin's most brutally effective geopolitical weapon, as well as a tool for bludgeoning the neighbours.

See also :

1. BP to lose $18 billion field amid Russian crackdown
2. Russia - the rising energy superpower (Shell, Sakhalin 2)
3. Russia tightens grip on energy

(2007-07-17 12:37:34 SGT) [Energy] Permalink

Comments:

Post a Comment:

Comments are closed for this entry.




Most popular blog postings on lowem.log :

1. Singapore SIBOR interest rates fall to 1.5%, lowest since Dec 2004
2. Singapore SIBOR rate falls to 1.31%, lowest since Nov 2004
3. Live spot gold price quotes chart on COMEX
4. Fuel prices seen stoking Malaysia inflation in 2008
5. 2010 Honda Civic Hybrid preliminary specifications released
6. Singapore SIBOR rate fell to 1.25% in Apr 2008, lowest since Aug 2004
7. Malaysia inflation rate jumps to 7.7% in Jun 2008, a 26-year record high
8. Singapore : electricity tariffs to increase April 2008 on rising oil prices

Featured articles on lowem.log :

1. ABC Guide to Beating Inflation in Singapore and Elsewhere
2. Singapore inflation rate hits new 26-year high of 7.5% in Apr 2008
3. Singapore : Bread price inflation continues
4. 2010 Honda Civic Hybrid preliminary specifications released
5. Peakoiler buys 2008 Honda Civic Hybrid FD3
6. How to insert currency exchange rates into Google Spreadsheets
7. Singapore SIBOR rate falls to 0.94% in Nov 2008, lowest since Jul 2004
8. Singapore : Inflation erodes away bank savings





archives
search
sponsored links





bookmarks

about
my profile
contact me

personal
biow
ken
wenn

sites
photo gallery
wiki

blogroll
reviewem
sgenergycrisis
theenergycollective

forums
goldclubasia.com
peakoil.com


navigation
decals

Click for Singapore, Singapore Forecast





rss feed for lowem.log

Get Firefox!

powered by
hosted by