Igor Sechin, the head of Russia’s state oil company and a close confidant of Vladimir Putin, welcomed the New Year on a luxurious yacht off Palm Jumeirah in Dubai. This artificial island is known for its opulent villas and is a favored destination for oligarchs. Throughout 2022, Sechin has been grappling with the repercussions of the Ukraine invasion on Russia’s oil exports, along with the challenges posed by international sanctions. During the celebration, he was joined by Murtaza Lakhani, an influential oil trader who played a significant role in helping Sechin find new customers amidst these difficult times.
Despite the obstacles faced by Russia’s oil industry in the past year, Sechin’s strategic partnerships and connections have played a crucial role in navigating the storm. Murtaza Lakhani, being one of them, has greatly aided Sechin in finding alternative markets for Russian oil amidst sanctions. Their joint efforts have enabled Russia’s state oil company to establish valuable relationships and secure new customers despite the economic and political challenges it has encountered.
The New Year’s Eve gathering on the lavish yacht symbolizes the resilience and adaptability of those close to Putin’s inner circle. Despite the hardships faced by the oil industry and the geopolitical tensions affecting Russia, Sechin and his associates continue to find ways to thrive and maintain their influence. This event serves as a reminder of the intertwined relationships between Russian elites and their ability to protect and advance their interests, even in the face of adversity.
