Bp Slips On Fears of an Asset Grab by Russians
Evening Standard - London › December 22, 2006
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Summary
OIL giant BP came under selling pressure, dipping 3p to 564p amid speculation that it may be next in the Kremlin's firing line as it moves to reclaim Russia's extensive oil and gas assets.
The fears follow news that the Russians are paying rival oil explorer Royal Dutch Shell and its Japanese partners $7.5 billion (Pounds 4.3 billion) to buy out the Sakhalin-2 project in Siberia and hand control to Gazprom.See the full content of this document
Extract
Bp Slips On Fears of an Asset Grab by Russians
The deal was personally signed by President Putin as if to underline the country's determination. The message will have been taken on board by BP management, which has ploughed bi...
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