February 4, 2011 By Citizen M

BP – Glutton for Punishment?

OB-MJ100_bp_E_20110204073659.jpgThis week’s press has unsurprisingly been awash with comments upon the Wikileaks revelations about BP’s traumatic interaction with TNK-BP, as well as its dispute-sparking new alliance with Rosneft.   The Economist provides a clear overview of the various involuted wranglings the British major has experienced in Russia since 2002, which begs the well-justified question of why Bob Dudley’s company is returning to the danger zone.  Where do they go from here?:

Now BP is in bed with Rosneft and has shaken hands with Mr Sechin, who is widely seen as the architect of the attack on Yukos, an oil firm that was dismantled with scant regard to the law in 2004. Yukos’s main shareholder, Mikhail Khodorkovsky, is now in jail. He was ostentatiously given a second prison sentence just as the BP-Rosneft deal was announced.