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U.S. Cables Say Gazprom Plagued By Corruption, Poor Management

January 06, 2011

Purported U.S. diplomatic cables disclosed by WikiLeaks describe Russian energy monopoly Gazprom as "inefficient, politically driven, and corrupt."

The German magazine "Spiegel" published the leaked cables from U.S. Ambassador to Moscow John Beyrle saying that Gazprom's Soviet-style thinking undermined its ambitions to become a competitive global firm.

State-controlled Gazprom is the world's biggest natural gas company and controls around one-quarter of the world's reserves.

The revelations are part of the quarter-million U.S. diplomatic cables that WikiLeaks began releasing in November.

compiled from agency reports

Source: http://www.rferl.org/content/us_cables_gazprom_plagued_corruption_poor_management/2268824.html

Copyright (c) 2011. RFE/RL, Inc. Reprinted with the permission of Radio Free Europe/Radio Liberty, 1201 Connecticut Ave., N.W. Washington DC 20036.



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