Gazprom Gains BP Gas Field as Putin Tightens Control
June 22 (Bloomberg) -- OAO Gazprom took control of BP Plc's stake in a Siberian deposit with enough natural gas to supply Asia for five years as President Vladimir Putin ends foreign ownership of Russia's biggest energy assets.From Steve: The once full-throated multinational oil companies, knocked onto their heels in Russia, ought to be worried about Kazakhstan and Azerbaijan, which certainly are watching these events with interest.State-run Gazprom will pay as much as $900 million for the 63 percent of the Kovykta field held by BP's TNK-BP unit and half its regional pipeline unit, and agreed to set up a $3 billion global venture, executives from the three companies said in the Kremlin today.
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Labels: Azerbaijan, BP, Caspian, Exxon, Gazprom, Kazakhstan, Putin, Russia, Russian oil, Shell
2 Comments:
Canada's National Post has a Russia scenario. Quite speculative but can be intellectually stimulating nonetheless:
http://www.canada.com/nationalpost/columnists/story.html?id=fb2d621d-42d0-4a4e-94fd-466a384a541d
Food for thought. And makes one wonder with whom to establish relations in advance. Thanks, Steve
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