Jimbuna
10-22-12, 08:05 AM
Not sure if this is an old story but there is a lot of history behind this and Putin is obviously involved on the sidelines.
How a company as big as BP can be bullied into surrendering its position could only happen in Russia and perhaps China, given the right political backing behind such hostile moves.
It looks like BP are putting a brave face on the situation for a small slice of the cake.
Just my twopenneth on the matter.
The acquisition of the stake in TNK-BP, one of Russia's biggest oil firms, will give Rosneft about half of Russia's energy sector and make it the world's largest publicly-traded oil group.
As well as internal wrangles, BP employees at TNK-BP have fallen foul of Russian authorities.
While serving as head of TNK-BP, Bob Dudley - now the head of BP as a whole - had his office bugged and raided by the police and met with onerous back-tax demands, legal action and visa problems.
He eventually fled the country in 2008.
http://www.bbc.co.uk/news/business-20030610
How a company as big as BP can be bullied into surrendering its position could only happen in Russia and perhaps China, given the right political backing behind such hostile moves.
It looks like BP are putting a brave face on the situation for a small slice of the cake.
Just my twopenneth on the matter.
The acquisition of the stake in TNK-BP, one of Russia's biggest oil firms, will give Rosneft about half of Russia's energy sector and make it the world's largest publicly-traded oil group.
As well as internal wrangles, BP employees at TNK-BP have fallen foul of Russian authorities.
While serving as head of TNK-BP, Bob Dudley - now the head of BP as a whole - had his office bugged and raided by the police and met with onerous back-tax demands, legal action and visa problems.
He eventually fled the country in 2008.
http://www.bbc.co.uk/news/business-20030610