https://www.energyvoice.com/opinion/238255/crude-intentions-collaboration-will-assure-the-oil-markets-recovery/
2020
(The global oil industry is facing its biggest ever drop i...)
The global oil industry is facing its biggest ever drop in demand. The price of oil plummeted to below $20 a barrel on Sunday, its lowest level for 18 years, as traders responded to the widespread lockdowns in place across the world, and the expectation that production will have to shut as global oil storage reaches capacity.
https://www.energydigital.com/oil-gas/african-oil-and-emerging-crisis
2020
http://africa.businesschief.com/leadership/4809/Oil-industry:-the-challenging-business-landscape-in-Africa
2020
Born into academics, his father was a science researcher at the Institute of General History of the Soviet Academy of Sciences, while his mother was a history research fellow at the Institute of the History of the USSR. As a child, Ivanov grew up studying martial arts and playing soccer, while developing a lifelong love of classical music.
Boris graduated in 1983 from the International Relations department at MGIMO (Moscow State Institute of International Relations), a top Soviet diplomatic school. He is married to Natalia Ivanov and has four children.
Boris Ivanov started his career working as a diplomat at the Ministry of Foreign Affairs of the USSR. He was stationed at the Soviet Embassy in Washington DC in the mid 1980’s during the Reagan administration. He later changed a number of functions dealing with, among others arms control issues with the United States – a major diplomacy topic in the days of Cold War. This early diplomatic career helped Ivanov form the foundation of the negotiating and diplomatic skills needed for international business.
Oil and Gas Industry
After the fall of the Soviet Union in 1991, he left public service to become an executive at Unibest bank in Russia, dealing with their oil and gas projects, later moving on to become an advisor to the chairman of another Russian bank, Gazprombank. The oil and gas industry was one of the few industries in the new Russian economy that had a firm source of funding and was driven more by the market dynamics he had become familiar with during his earlier career observing the life in the US. Gazprombank is the third-largest bank in Russia, and its parent company is Gazprom.
“Russia has historically been a major producer of oil and minerals. After the dissolution of the USSR, oil was one of the first segments to offer business opportunities,” Ivanov explains. “Back then, in a country with few functioning institutions and no firm sources of funding, oil production was one of the few areas where you could run entrepreneurial projects.”
Russian MiGs
Between stints at Unibest and Gazprombank, Boris joined the Russian Aircraft Corporation MiG (RSK Mig), the Soviet-era fighter jet company where he was the First Deputy Director General for Strategy. They were struggling to deal with the new free-market economy, and Ivanov helped them transition by expanding their client-base worldwide through aircraft sales agreements and expanding from a heavy reliance on military aircraft to the introduction of a civilian product line, like the Tu-334 passenger plane.
(As the price of oil fell to its lowest point in almost tw...)
(The kingdom has been hit hard by the coronavirus pandemic...)
2020(There is no doubt COVID-19 has paralysed several industri...)
(The global oil industry is facing its biggest ever drop i...)
2020Boris prefers to define relationships from personal interactions, not through third-party opinions. It is through these direct relationships that someone gains his respect. It also defines how he prefers to find answers to business challenges on his own. Ivanov understands the future of oil and gas is not forever and that electric vehicles and rare earth minerals needed to fuel them have great potential.
“The rise of renewable generation is naturally the most noticeable disruptor. While current statistics show that, beyond any doubt, we shall have to use oil and gas for a few decades more, it is also clear by now that the general trend aims at oil substitution. This influences prices and long-term investment plans. It also influences technological developments — as more and more engineering talent and money will be invested in areas other than oil, we may see less technological advancement,”. “Oddly enough, the drive toward electrical energy also has an impact on mineral exploration and production — as is evident from a sudden rise of interest in global rare earth and lithium deposits. While modernizing industry may use less of metals, coal, and other ‘traditional’ minerals, other types of minerals may gain in importance, sales volume, and price.”
Now, based in Monaco, he and his wife are among the primary donors to the Princess Grace Foundation, which — according to its website — is “dedicated to elevating extraordinary emerging artists in theater, dance, and film via awards in the form of grants, scholarships, and fellowships. Our awards program continues the legacy of Princess Grace (Kelly) by advancing excellence in the arts in America.” Ivanov is also a supporter of a children’s symphony orchestra in Venezuela and has made charitable contributions to several causes, including medical non-profits and soccer academies, in Russia.
As far as what’s needed to succeed in international business, Boris recalls the proverb, “In Africa, if you are not fast, you are food.” Or, in other words, you need agility, superior command of information and knowledge, and an ability to build relationships of trust across borders, cultures, and religions. Otherwise… you’ll be eaten by those who are.
Philanthropy
Football
Classical Music
