Word: tatneft
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Dates: during 2005-2005
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Harvard’s latest filings with federal regulators revealed that the University held more than $3 million in Sinopec stock and over $2 million in Tatneft shares. The filings showed no Harvard stake in ABB –although the stock is traded on several foreign markets, and the University is only required to disclose its holdings on U.S. exchanges...
Student activists have called on Harvard to cleanse its endowment portfolio of all companies that conduct business with the Sudanese government, accusing the University of following a double-standard by divesting from PetroChina while maintaining stakes in Sinopec and Tatneft...
...constructing a $65.5 million pipeline in Sudan that could substantially boost the regime’s oil export revenues. ABB’s contracts in Sudan total to more than $36 million, and the company won a contract last year to improve the country’s power grid. Tatneft allegedly entered an oil-for-weapons swap with the Sudanese government in 2002, although initial reports of the deal have not been confirmed. Tatneft officials did not return repeated requests for comment from the Crimson...
...Harvard owned more than $3 million of stock in China Petroleum and Chemical Corp., or “Sinopec,” which is constructing a pipeline connecting oil fields to the coastal town of Port Sudan. The filings also showed that Harvard owned more than $2 million in Tatneft, a Russian company that signed a 2001 deal to explore oil fields in central Sudan...
...This month, Stanford’s Board of Trustees will consider a student-faculty panel’s recommendation that the University sell its shares in PetroChina, Sinopec, Tatneft, and a fourth firm, the Swiss-based power company...