Ascom Group
| Ascom Group | |
|---|---|
| Type | Joint stock |
| Industry | Oil and natural gas |
| Founded | 1994 |
| Headquarters | Chişinău |
| Key people | Anatol Stati, CEO |
| Products | Oil products, natural gas |
| Revenue | US$ 500 million (2007) |
Number of employees | 500 |
| Website | Official site |
Ascom Group is the largest oil and natural gas company in Moldova. The company has commercial operations in Kazakhstan, Turkmenistan and Sudan and produces around 500,000 tonnes of oil and around 1.3 billion m3 of natural gas per year.
The company owns in Kazakhstan proven reserves of 13 million tonnes of oil and 10 billion m3 of natural gas.[1]
Corporate history
[edit]Ascom Group was founded in 1994 by the businessman Anatolie Stati and is controlled by his family.[2][3] The company occupies a building on Mateevici Street in Chișinău that also houses the OSCE mission to Moldova.[2] Stati's son Gabriel Stati has served as vice-president of the company.[2]
Several Moldovan politicians have been employed by Ascom. Iurie Leancă, later prime minister, served as vice-president between 2007 and 2009, and former deputy prime minister Eugen Carpov and defence minister Anatol Șalaru also worked for the group.[3][2] By 2005 the company held assets in Kazakhstan and Turkmenistan.[4]
Operations
[edit]Kazakhstan
[edit]From 1999 the Stati family acquired, through the offshore vehicle Tristan Oil, controlling interests in two Kazakh companies, Tolkynneftegaz and Kazpolmunay, which produced hydrocarbons at the Tolkyn and Borankol fields.[2][5] The two companies held the subsoil use contracts on which the group's Kazakh business rested, and the group also invested in a liquefied petroleum gas plant.[6] Relations with the authorities deteriorated towards the end of 2008, when inspections led to accusations that the two companies had breached Kazakh tax legislation.[2]
Sudan and South Sudan
[edit]Ascom entered the oil industry of southern Sudan in June 2005, signing a production-sharing agreement for Block 5B with the southern authorities, the counterparty being the state company Nile Petroleum Corporation.[4] Drilling was planned for early 2006, once seismic work by the Canadian contractor Terra Seis Geophysical had been completed.[4] The agreement collided with the position of a consortium headed by Petronas, which regarded itself as the lawful operator of the block under an agreement concluded with the government in Khartoum in 2001.[4] Such overlapping claims had arisen because contracts signed with the northern government had been declared void by the southern rebel movement during the civil war, which instead concluded agreements of its own with smaller operators.[7]
References
[edit]- ↑ Ascom-Grup a realizat investitii de 600 mil. USD in sectorul petrol si de gaze al Kazahstanului (in Romanian) Archived September 19, 2008, at the Wayback Machine
- 1 2 3 4 5 6 Sanduța, Iurie; Lazur, Dumitru (7 April 2016). "Stati secrets and the bribes from Africa". RISE Moldova. Retrieved 12 November 2026.
- 1 2 "Iurie Leanca about oil business of magnate Anatol Stati: "He does not fund my party, otherwise, I would be very happy and honored"". Centre for Investigative Journalism. 27 September 2016. Retrieved 12 November 2026.
- 1 2 3 4 "Moldova's Ascom probes Petronas Sudan oil block". Sudan Tribune. Dow Jones Newswires. 11 October 2005. Retrieved 12 November 2026.
- ↑ Ernst, Iulian (11 October 2017). "Moldova's Ascom moves ahead with recovering $500mn from Kazakh state". bne IntelliNews. Retrieved 12 November 2026.
- ↑ "Stati and others v. Kazakhstan". Investment Dispute Settlement Navigator. United Nations Conference on Trade and Development. Retrieved 12 November 2026.
- ↑ "Petronas to start work in south Sudan oil block". Sudan Tribune. Reuters. 19 January 2008. Retrieved 12 November 2026.
External links
[edit]- Company website[link removed]