Former BP CEO Hayward Snubs Rosneft?   1 comment

British Petroleum (BP) is under increasing pressure over its disputed joint venture with Russia’s state-controlled oil firm Rosneft.

Recently, former BP CEO Tony Hayward missed a crucial board meeting, causing speculation that he may disagree with BP’s handling of the contentious deal.

In January, BP announced the signing of a joint Arctic exploration deal and $16 billion share swap with Rosneft, which the Kremlin billed as confirmation of the West’s continued business interests in Russia.

If successful, the tie-up would see BP gain a 10 percent stake in Rosneft and the Russian company receive a five percent stake in BP.

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One response to “Former BP CEO Hayward Snubs Rosneft?

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  1. Pingback: Did Tony Hayward Snub Russia? « RADA EUROPE

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