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Sovereign Wealth Funds Briefing - Categorized | Market, People

BP’s former CEO approaches Abu Dhabi’s SWF to lead new oil company

Posted on 07 February 2011

Tony HaywardFrom Independent: Tony Hayward has held talks with Abu Dhabi’s sovereign wealth fund about launching a new oil company, which could mark a remarkable turnaround for the former chief executive of BP.
Mr Hayward stepped down four months ago after the Gulf of Mexico oil disaster, but the fund’s representatives approached him in recent weeks about building a new global oil and gas group. It is thought the emirate will fund the new venture to the tune of several billion dollars……………………………………….Full Article: Source

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