GPB Global resources Influence In Oil Exploration.
Boris Ivanov, a former Soviet diplomat, got into the energy sector after the end of communism. Later in 2011, Boris founded GPB Global Resources, an innovative resources company that is shifting the resources extraction industry. GPB Global resources operate in several countries worldwide, including Africa, the Middle East, and South America. It has directly employed over 4000 people with many other indirect jobs.
How Did GPB Global Affect the Price Of Oil?
In the recent past, there was the fear of oil prices going high as a result of oil reserves were decreasing. At one time, the cost of oil per –barrel was over$ 140. Experts in the oil industry predicted that extraction cost would go high, causing a slow economy. However, these fears never materialized with the coming of new technologies and strategies that have helped.
GPB Global Resources is one of the companies that brought cutting- edge technologies to countries that dint has the capacity. The company has worked as a driving force for infrastructure in new oil markets by working with other companies and managing oil and gas projects. GPB GR also provides consultation services for new companies in natural resources management.
The founder, Boris Ivanov, believes the company’s willingness to invest in places that no other companies would invest in has brought them success.
GPB Global Resources Founder.
Boris Ivanov got into the oil business in the early 1990s as the Vice President of Oil Gas Projects at the Unibest Bank in Moscow. With his experience in international relations made him the perfect candidate who had an exceptional understanding of western economics.
He would later work as a Deputy Director-General for Strategy or the Russian Aircraft Corporation. This position helped him increase his connections in the business world of developing nations.
Ivanov founded GPB Global Resources before taking over as the Managing Director. He has worked to build a company that demonstrates excellent adaptability in any environment. With his experience, Boris Ivanov has enabled GPB Global to change the approach of exploration and production of oil.