The Russian roulette: Rosneft, BP, and the unknowns of Russian politics
Blog post -
Nov 7, 2012
TNK-BP, the British giant’s 50% joint venture with a group of Russian oligarchs, was bringing in about quarter of the firm’s production, and a lot of its political problems. BP’s solution: swap its shares in TNK-BP for cash and a near 20% stake in Rosneft, Russian state-owned company run by Igor Sechin, one of Vladimir...
BP keeps digging deeper under Caspian
Blog post -
Aug 12, 2009
The main workhorse of Azeri oil production – the Azeri-Chirag-Guneshli field – will peak in 2010, due to BP and consortium members driving an aggressively fast extraction programme. As the revenues poured in over the last eight years, the state budget soared, covering military expansion, President Aliev’s opulent lifestyle and doubtful infrastructure projects including a...
