Alfa Billionaires Launch L1 Energy Fund

The former owners of TNK-BP and the Alfa Group let it be known in March that they were shopping around with their eyes on the oil industry in a big way; this week, the Alfa Group announced it would invest $10-$20 billion or more in global oil and gas projects. They’ve been looking for somewhere to put the billions they made on the sale of their TNK-BP Russian venture last year. Alfa Group took in