US VP Biden’s Son Joins the Board of Ukrainian Gas Company

Tuesday, 13 May 2014

Hunter Biden, son of US VP Joe Biden, is joining the board of directors of Burisma Holdings, Ukraine’s largest private gas producer. The group has prospects in eastern Ukraine where civil war is threatened following the coup in Kiev.

Hunter Biden, son of US VP Joe Biden, is joining the board of directors of Burisma Holdings, Ukraine’s largest private gas producer. The group has prospects in eastern Ukraine where civil war is threatened following the coup in Kiev.

 

Biden will advise on “transparency, corporate governance and responsibility, international expansion and other priorities” to ”contribute to the economy and benefit the people of Ukraine.”

Joe Biden’s senior campaign adviser in 2004, financier Devon Archer, a business partner of Hunter Biden’s, also joined the Bursima board claiming it was like ‘Exxon in the old days’.

Biden Jnr’s resume is unsurprisingly sprinkled with Ivy-league dust – he is on the Chairman’s Advisory Board for the National Democratic Institute, a director for the Center for National Policy and the US Global Leadership Coalition comprising 400 American businesses, NGOs, senior national security and foreign policy experts.

Former US President Bill Clinton appointed him an Executive Director of E-Commerce Policy and he was honorary co-chair of the 2008 Obama-Biden Inaugural Committee.

Burisma Holdings was set up in 2002. Its licenses cover Ukraine’s three key hydrocarbon basins, including Dnieper-Donets (in eastern Ukraine), Carpathian (western) and Azov-Kuban (southern Ukraine).

The Biden board news came as Gazprom moved Ukraine to a prepaid gas delivery regime and sent Naftogaz, Ukraine’s gas champion, a $1.66 billion bill for June with a June 2 deadline.

Ukraine currently stores about 9 billion cubic meters of gas, and by the winter needs 18.5bcm. Kiev bought 27.7 billion cubic meters from Gazprom for which it still owes some $3.5 bn in 2013.

Gazprom is demanding Kiev pays $485 per 1,000 cubic meters, raised from $268.50. Kiev rejects the new price as “politically motivated” and refuses to pay its debt.
http://macedoniaonline.eu/content/view/25292/53/

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Author: Ralph Turchiano

In short, I review clinical research on an almost daily basis. What I post tends to be articles that are relevant to the readers in addition to some curiosities that have intriguing potential. As a hobby, I truly enjoy the puzzle-solving play that statistics and programming as in the python language bring to the table. I just do not enjoy problem-solving, I love problem-solving and the childlike inspiration and exploration of that innocent exhilaration of discovering something new. Enjoy ;-)

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