BP is confident it has a bright future in Russia, although the company has yet to decide which of its global assets to sell to help fund its $20 billion compensation fund for the US Gulf oil spill. "Our future [in Russia] is very good, very bright," BP's head of Russia, David Peattie, said on the sidelines of the St. Petersburg International Economic Forum last week when asked whether the UK company would consider selling its stake in its Russian joint venture, TNK-BP.
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