Fri, Oct 24, 2014
A A A
Welcome kbr175@gmail.com
RSS

Commodities Briefing - Categorized | Market Pulse, Oil more

U.S. sanctions on Russia put western oil companies in tricky position

Posted on 30 April 2014

New U.S. sanctions on Russia that include asset freezes and travel bans on several top Russian officials, including Rosneft’s Igor Sechin, are raising the likelihood that Western companies with investments in Russia will be caught up in the economic feud.
BP, in particular, is significantly exposed. It used to be a major owner of TNK-BP, a joint oil venture in Russia, but agreed in 2013 to sell its holdings to Rosneft in exchange for a 19.75 percent stake in Rosneft itself………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 37629 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
October 2014
S M T W T F S
« Sep    
 1234
567891011
12131415161718
19202122232425
262728293031