View source for Adolf H. Lundin

{{short description|Swedish entrepreneur}}
{{Infobox person
| name = Adolf H. Lundin
| other_names =
| image =
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| birth_name = Adolf Henrik Lundin
| birth_date = {{birth date|1932|12|19|df=y}}
| birth_place = Sweden
| death_date = {{death date and age|2006|9|30|1932|12|19|df=y}}
| death_place = [[Geneva]], Switzerland
| alma_mater = [[Royal Institute of Technology]]<br> [[International Institute for Management Development]]
| occupation = Oil and mining entrepreneur
| title =
| known_for = Founding [[Lundin Mining]] and [[Lundin Petroleum]]
| term =
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| successor =
| party =
| boards =
| spouse = Eva Wehtje
| children = 4 including [[Lukas Lundin]]<br>[[Ian Lundin]]
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| website =
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}}
'''Adolf Henrik Lundin''', (19 December 1932 – 30 September 2006),<ref>{{cite news |url=http://www.dn.se/ekonomi/oljemagnaten-adolf-lundin-ar-dod |title=Oljemagnaten Adolf Lundin är död |publisher=Dagens Nyheter |first=Anders |last=Hellberg |date=September 30, 2006|language=sv}}</ref> 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 [[petroleum industry|oil and gas sector]], which in turn made a number of significant 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 field]]s in [[Qatar]].
==Biography==
===Early years===
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|Royal Dutch Shell Group]] in South America. In 1961 he earned an [[MBA]] degree from the [[International Institute for Management Development|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 [[Nordstjernan|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.
==Career==
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 [[Conservatism|conservative]] think tank, [[The Heritage Foundation]] based in Washington, D.C. ([[Reagan Doctrine]]/ [[Kirkpatrick Doctrine]]). In 1980, Lundin sponsored [[Ronald Reagan]]'s [[Ronald Reagan presidential campaign, 1980|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.<ref name="thelocal22122011">[https://www.thelocal.se/20111222/38102 ''Lundin may have led Bildt to the heart of darkness''], [[The Local]], 22 December 2011</ref>
He founded [[Lundin Mining]] in 1994.<ref>[http://www.lundinmining.com/s/History.asp Company History] Lunding mining. Investors</ref>
In 1998, he was named ''[[International Swede of the Year]]'' by [[Carl XVI Gustaf of Sweden|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, South Sudan|Block 5A]]).<ref>{{cite web | title=Swedish oil bosses quizzed in six-year human rights probe | website=The Local | date=2016-11-28 | url=https://www.thelocal.se/20161128/swedish-oil-bosses-quizzed-in-human-rights-probe-lundin-sudan/ | ref={{sfnref | The Local | 2016}} | access-date=2022-01-19}}</ref> 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 [[Georgi Plekhanov|Plekhanov]] [[Russian Academy 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]].<ref>[https://www.clintonfoundation.org/main/news-and-media/press-releases-and-statements/press-release-lundin-group-commits-100-million-to-clinton-giustra-sustainable-gr.html Lundin Group Commits $100 Million to Clinton Giustra Sustainable Growth Initiative], 6 July 2007</ref><ref name="thelocal22122011" />
== Books ==
*Adolf H. Lundin: Biography by ULF Lundin Petroleum Giraffetink
*{{cite book |last1=Lundell |first1=Kerstin |title=Affärer i blod och olja : Lundin Petroleum i Afrika |date=2010 |publisher=Ordfront |location=Stockholm |isbn=9789174410198 |edition=[Ny utg.] |language=sv}} (Business in Blood and Oil: Lundin Petroleum in Africa)
==External links==
*{{cite web | last=Kandell | first=Jonathan | title=The Life and Death of Adolf Lundin | website=Institutional Investor | date=2006-11-16 | url=https://www.institutionalinvestor.com/article/b150nsw35d437t/the-life-and-death-of-adolf-lundin | access-date=2022-01-19}}
==References==
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[[Category:1932 births]]
[[Category:2006 deaths]]
[[Category:Deaths from leukemia in Switzerland]]
[[Category:Businesspeople from Geneva]]
[[Category:KTH Royal Institute of Technology alumni]]
[[Category:Swedish anti-communists]]
[[Category:20th-century Swedish businesspeople]]
[[Category:Place of birth missing]]
[[Category:Lundin family|Adolf]]