Michele Kearney's Nuclear Wire

Major Energy and Environmental News and Commentary affecting the Nuclear Industry.

Monday, May 28, 2012

In Russia, another crisis point between BP and its oligarch partners

Posted: 28 May 2012 05:37 AM PDT
A rocky nine-year oil partnership between BP and four Russian oligarchs seems to have reached a tenuous new stage, with a source on the Russian side saying the highly lucrative-but-troubled venture has "run its course." The crisis comes in one of the era's stormiest corporate partnerships of any type, anywhere, one in which at one stage current BP CEO Bob Dudley was forced into hiding.

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