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February 15, 2007


I will admit that when BP first linked up with TNK I thought it would all end in tears.

BP faces a huge loss in revenues from its joint venture in Russia after the state-owned energy group Gazprom demanded to take a 75pc interest in one of the world's largest gas fields.

This isn't just Putin: standard Russian negotiating technique is, what's our's is our's, what's your's is negotiable. I've  invested time and effort in businesses over there but I wouldn't be happy  trying to control an asset.

February 15, 2007 in Peak Oil | Permalink


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Guess where my employers are looking to invest. think I should send them a copy?

Posted by: The Remittance Man | Feb 15, 2007 10:20:44 AM