Adolf H. Lundin | |
---|---|
Born |
Adolf Henrik Lundin 19 December 1932 Sweden |
Died | 30 September 2006 Geneva, Switzerland |
(aged 73)
Cause of death | leukemia |
Alma mater |
Royal Institute of Technology International Institute for Management Development |
Occupation | Oil and mining entrepreneur |
Known for | founding Lundin Mining and Lundin Petroleum |
Spouse(s) | Eva Wehtje |
Children | 4 including Lukas Lundin Ian Lundin |
Adolf Henrik Lundin, (19 December 1932 – 30 September 2006), was a Swedish oil and mining entrepreneur. From the 1970s through 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 world class discoveries in the Middle East, Africa, Europe and South America. 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.
Adolf Lundin earned a master's degree degree in 1956 from the Royal Institute of Technology in . 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 most secretive intelligence agency.
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 right-wing 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 Reagent inauguration in 1981. The program included an inauguration party with Frank Sinatra that the couple watched from the front row.