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Oil in Russia: Unhappy families

Posted on 18 October 2012

Changing partners in Russia can be a fraught affair, to which the tribulations of Anna Karenina are as good a guide as any. But sometimes there is no choice. BP’s relationship with a group of oligarchs who owned half of TNK-BP, the company’s Russian joint venture, had broken down so completely that it was only a matter of time before one side or the other was forced to quit.
In the event both are likely to get out, to be replaced by the firm at the root of the trouble between them, Rosneft, Russia’s state-controlled oil giant………………………………………..Full Article: Source


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VRS - who has written 40662 posts on Opalesque Commodities Briefing.


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