BP's Russian deal

摘要

A collaboration announced in January between BP and Russia's state oil company, Rosneft, to drill for oil in the Russian Arctic now seems doubtful after BP's existing Russian partner, TNK-BP, won a court ruling last week to block the deal. The companies had hoped to swap shares and drill in the Arctic waters of the Kara Sea - a venture criticized by environmentalists concerned about the dangers of drilling in the Arctic.