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“The Economist” apologizes to Gennady Timchenko and Gunvor August 3, 2009

Posted by mytruthaboutoil in Uncategorized.
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economist timchenko okIt seems that finally journalists have to admit that, in the 21st century, the oil business is actually conducted in a nice and transparent way by the leading traders. FYI, please find hereafter a translation of the prominent Geneva newspaper La Tribune de Genève:

“An agreement has been reached between the oil group Gunvor, whose operations are run from Geneva, its co-founder, Russian citizen Gennadi Timtchenko, and the British magazine “The Economist”.

Apologies will be published in the weekly’s next issue.

This agreement ends the conflict dating from 29 November 2008 and renders null and void any and all proceedings filed by Gennadi Timtchenko. On the date in question, the magazine had implied that Gunvor or Gennadi Timtchenko had received favors following payments made to Russian political leaders.”

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