Tag: Letter One
Wintershall putzt sich für Trennung von BASF heraus – Ölkonzerne mit Interesse
Ölfeld von Wintershall Dea bei Emlichheim Der Konzern rüstet sich mit einem Umbau für einen bevorstehenden Verkauf. (Foto: AP) Düsseldorf Wintershall Dea macht sich mit einem tiefgreifenden Umbau fit für einen…
Wintershall’s withdrawal from Russia opens up a painful financial gap
Frankfurt, Dusseldorf With a massive write-down totaling 7.3 billion euros, the BASF Group eliminated the Russian commitment of its subsidiary Wintershall Dea from its balance sheet at the end of…
Wintershall benefits from high energy prices
Drone recording of “Völkersen Nord Z6” Natural gas production plant of the gas and oil company Wintershall Dea near Bremen. (Photo: dpa) Dusseldorf The boss of the Kassel-based oil and…
Wintershall benefits from high energy prices
Drone recording of “Völkersen Nord Z6” Natural gas production plant of the gas and oil company Wintershall Dea near Bremen. (Photo: dpa) Dusseldorf The boss of the Kassel-based oil and…
Jump in profits for Wintershall – burden on production in Russia
Dusseldorf The boss of the Kassel-based oil and gas group Wintershall Dea wants to produce more oil and gas in Germany. “We have to play the trump cards that we…
Jump in profits for Wintershall – burden on production in Russia
Oil field in Emlichheim Wintershall Dea is the largest oil and gas producer in Germany. (Photo: AP) Dusseldorf The oil and gas group Wintershall Dea presents strong figures for the…
Wintershall is planning a major hydrogen project in Wilhelmshaven
Electrolyser in Wittenhofe In the future, Wintershall wants to produce hydrogen in Wilhelmshaven using Norwegian gas. (Photo: dpa) Dusseldorf The raw materials group Wintershall Dea, together with project partners, is…
BASF is exploring spin-off of Wintershall Russia business
Wintershall in Emlichheim The company is one of Gazprom’s closest partners in the West. In addition, Wintershall produces oil in Russia. (Photo: AP) Dusseldorf, Frankfurt The Ludwigshafen chemical group BASF…
Wintershall writes off billions on Russian activities
Dusseldorf The oil and gas company Wintershall Dea slipped deep into the red at the beginning of the year due to a multi-billion write-down on the Baltic Sea pipeline Nord…
BASF balance sheet check: The Russian mortgage of the chemical company
BASF balance sheet check As far as prospects and stock market performance are concerned, some uncertainties and weaknesses are revealed at the Ludwigshafen chemical company. (Photo: dpa [M]) Frankfurt The…
BASF ends business in Russia and Belarus
BASF There are currently 684 employees in Russia and Belarus. (Photo: dpa) Frankfurt The chemical group BASF is tightening its course towards Russia and now wants to completely cease its…
Cyprus strips Russian oligarchs of their ‘golden passports’
The flags of Cyprus and the EU The EU member state has stripped several oligarchs of their citizenship. (Photo: AP) Berlin The government of Cyprus revokes the so-called “golden passports”…
Oligarch German Khan leaves Wintershall supervisory board after sanctions
Wintershall headquarters in Kassel In view of the Ukraine war, Wintershall stopped payments to and from Russia. (Photo: dpa) Dusseldorf The oligarch German Khan is stepping down from the supervisory…
Sanctions: sparkling wine & cars – EU does not allow luxury goods to Russia
Fashion shops in Moscow’s luxury shopping center GUM The new EU sanctions are aimed at the high-income classes in Russia. (Photo: Bloomberg) Brussels, London Life in Russia is not meant…
Wintershall stops projects in Russia – Nord Stream 2 written off
Gas production by Wintershall In the Achimgaz joint venture, Wintershall and Gazprom produce natural gas in western Siberia. The BASF subsidiary wants to stay on site, but reduce activities. (Photo:…
Wintershall stops projects in Russia – Nord Stream 2 written off
Gas production by Wintershall In the Achimgaz joint venture, Wintershall and Gazprom produce natural gas in western Siberia. The BASF subsidiary wants to stay on site, but reduce activities. (Photo:…
Why the EU sanctions Russian oligarchs
photomontage Kremlin chief Vladimir Putin with Alexei Mordashov (left) and Mikhail Fridmann (right). Berlin Russian oligarchs, who have been sanctioned by the EU and the USA, are now condemning the…
Tui major shareholder Alexei Mordashov distances himself from Putin
Alexei Mordashov The Russian Tui major shareholder is distancing himself from Putin. (Photo: dpa) Dusseldorf Russian Tui major shareholder Alexei Mordashov, who has been on an EU sanctions list since…
Managers in Russian service: Lure of dubious money
Gerhard Schroeder and Matthias Warnig The Chancellor a. D. and the Nord Stream 2 boss hire themselves out to Russian companies. (Photo: imago images/ZUMA Wire) Paris, Dusseldorf, Hamburg, Berlin The…
Managers in Russian service: Lure of dubious money
Gerhard Schroeder and Matthias Warnig The Chancellor a. D. and the Nord Stream 2 boss hire themselves out to Russian companies. (Photo: imago images/ZUMA Wire) Paris, Dusseldorf, Hamburg, Berlin The…