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.
TrackBack URL for this entry:
Listed below are links to weblogs that reference Kovykta:
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