Oil entrepreneur Lundin dies

Swedish oil entrepreneur Adolf Lundin has died at the age of 74. Lundin, who had suffered from leukemia for the past two years, died on Saturday at his home in Geneva.

Lundin started his career in the 1950s as an oil engineer for companies including Royal Dutch Shell. In the sixties he started working on oil prospecting in the North Sea and in Portugal on behalf of the Swedish Ax:son Johnson group. He started his own company in the oil and gas sector in the 1970s.

Over the past three decades Lundin started a large number of products in the oil, gas and mining industries, with activities around the world. Lundin’s businesses faced heavy criticism from human rights organizations for working in war-torn parts of southern Sudan.

In 1998, Lundin was named “International Swede of the year.” He moved to Geneva in 1966.

Former prime minister Carl Bildt, who is now a director of Lundin Petroleum, paid tribute:

“Adolf Lundin was an entrepreneur and an adventurer in a combination that was as rare as it was successful. He chose his own path, was never satisfied with the status-quo and was always curious about the new. The world was his workplace, and its possibilities almost infinite. Our Sweden has become poorer now – we need many people like him,” Bildt told news agency TT.