Russian Oil Comes To Florida – Part 1

The Itera/Areti Building in Jacksonville’s Deerwood office park. In 2017, Itera was bought out by the Russian state’s largest oil-producing entity, Rosneft.

In 1991, a married couple from Kazan, Republic of Tatarstan, Russia immigrated to the United States. They left their home on the banks of the Volga River to settle at another river city, Jacksonville, FL.

A few years after arriving, the wife Raisa Frenkel, was the named officer of a corporation, along with Jacksonville resident Theodorus Kavalieros. That business is the Itera International Energy Corporation, a rapidly expanding enterprise that many locals long-viewed as mysterious. During its 20-something year existence, Itera has produced a number of spin-off businesses. Today, it operates from a massive, Gothic style building in the upscale commercial district of Deerwood. Continue reading

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