Adolf H. Lundin
Swedish entrepreneur
Adolf Henrik Lundin (19 December 1932 – 30 September 2006) was a Swedish oil and mining entrepreneur. From the 1970s through to the 1990s Lundin established numerous natural resource companies both in the mining sector and the oil and gas sector, which in turn made a number of significant discoveries in the Middle East, Africa, Europe and South America.2
From Wikipedia’s article on Adolf H. Lundin (this version), CC BY-SA 4.0.
Born Dec 19, 1932, died Sep 30, 2006.1
About
Several of these deposits are still producing commercial quantities of oil, gas, gold, copper and other minerals; others are still under development. Lundin made a fortune in the 1970s when he came across huge natural gas fields in Qatar.
From Wikipedia’s article on Adolf H. Lundin, shared under CC BY-SA 4.0.2
Companies
- Lundin GroupFounder14
- Lundin MiningFounder15
- Lundin EnergyFounder16
Early life and education
- Date not recordedRoyal Institute of Technology3
Adolf Lundin earned a master's degree in 1956 from the Royal Institute of Technology in Stockholm. Between 1957 and 1960 he worked as a petroleum engineer for the Royal Dutch Shell Group in South America. In 1961, he earned an MBA degree from the Centre d’Etudes Industrielles in Geneva, Switzerland. Between 1961 and 1966 he was responsible for oil exploration activities in the North Sea and Portugal for the Ax:son Johnson Group. In 1966, he moved with his family to Geneva to work as assistant director of the Centre d’Etudes Industrielles (which later became the International Institute for Management Development).
Adolf's brother Bertil (1946-2005) was head of the Kontoret för Särskild Inhämtning (The Office for Special Collection). The KSI is Sweden's intelligence agency.
From Wikipedia’s article on Adolf H. Lundin (this version), CC BY-SA 4.0.
Career
Occupation: entrepreneur.8
- Date not recordedFounded Gulfstream Resources4
- Date not recordedFounded Lundin Group5
- Date not recordedFounded Lundin Mining6
- Date not recordedFounded Lundin Energy7
In 1971, he started his career as an independent oil and mining entrepreneur on a global scale. His first successful venture was Gulfstream Resources which, in 1976, co-discovered the North Gas Field, offshore Qatar, this field remains today as the single largest known gas accumulation in the world.
Lundin was an ardent anti-communist. In the United States Lundin was involved with the conservative think tank, The Heritage Foundation based in Washington, D.C. (Reagan Doctrine/ Kirkpatrick Doctrine). In 1980, Lundin sponsored Ronald Reagan's election campaign. Lundin and his wife Eva were invited to the Reagan inauguration in 1981. The program included an inauguration party with Frank Sinatra that the couple watched from the front row.
He founded Lundin Mining in 1994.
In 1998, he was named International Swede of the Year by His Majesty the King of Sweden. In 1999, Lundin Oil made a major discovery of oil in the Thar Jath structure in an area in Sudan (Block 5A). In 2000, Lundin invited the former prime minister (1991-1994) and EU envoy to the Balkans (1995) Carl Bildt to join his board of directors. In 2001, Lundin founded Lundin Petroleum.
In 2002, he received an honorary doctorate from Plekhanov Russian University of Economics in Moscow. He became the honorary chairman of Lundin Petroleum AB, the chairman of Vostok Nafta Investment Ltd and a director of North Atlantic Natural Resources AB, Atacama Minerals Corp., Champion Resources Inc., South Atlantic Ventures Ltd, Tenke Mining Corp. and Valkyries Petroleum Corp.
Adolf Lundin died in 2006, aged 73, from leukemia. He and his wife, Eva Wehtje, whom he married in 1957, had four children. His Lundin Group, continued by his sons Lukas Lundin and Ian Lundin. They have invested considerable resources in rebranding the Lundin Group to make it more socially acceptable. They started a philanthropic operation, "Lundin for Africa Foundation", and proclaimed in 2007 to donate $100 million to the Clinton Foundation.
From Wikipedia’s article on Adolf H. Lundin (this version), CC BY-SA 4.0.
Personal life
Awards
- 1998International Swede of the Year13
Links
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1WikidataAdolf H. Lundin on Wikidata
- 2WikipediaAdolf H. Lundin on Wikipedia
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- 14WikidataLundin Group, Founder
- 15WikidataLundin Mining, Founder
- 16WikidataLundin Energy, Founder