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Word: bp (lookup in dictionary) (lookup stats)
Dates: during 2000-2009
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...Along with the new geopolitical uncertainties, foreign businesses and investors are also grappling with signs of economic vulnerability such as rising inflation and slowing oil production, as well as heavy-handed corporate meddling by the government - not least in a high-profile joint venture involving British oil giant BP...

Author: /time Magazine | Title: Risky Business in Russia | 8/21/2008 | See Source »

...With memories of Yukos' fate still fresh, investors didn't stop there: Putin's comments wiped tens of billions of dollars off Russia's stock market in a matter of days. The Mechel furore came on top of an ugly, months-long scrap over control of oil company TNK-BP between BP and its Russian billionaire partners. Robert Dudley, the BP-appointed CEO, last month quit Russia, citing "sustained harassment of the company and myself." BP blames its Russian partners for orchestrating a state administrative and regulatory crackdown on the firm in recent months; the Russians claim BP hasn...

Author: /time Magazine | Title: Risky Business in Russia | 8/21/2008 | See Source »

...Moscow From Russia: Get Out Robert Dudley, CEO of TNK-BP, a lucrative joint venture between British oil giant BP and a Russian consortium, has left the country following what BP called a "campaign of harassment" by Russian authorities, aimed at gaining control of the company. Dudley continues to run TNK-BP, which provides a quarter of BP's global production, from a secret location...

Author: /time Magazine | Title: The World | 7/31/2008 | See Source »

...companies yearning to cash in on Russia's immensely lucrative energy boom, there's an obvious business lesson: choose your partners carefully. The moment a lock-in agreement blocking either side from selling out expired in December, the competing interests of BP and AAR looked set for a collision. Oil giants like BP are used to investing for the long term, knowing that patience is key in this capital-intensive business. AAR would like a faster return. Both sides might have done better, in fact, if one had taken overall control. Indeed, Putin recently recalled warning BP...

Author: /time Magazine | Title: Another Fine Mess in the Oil Business | 7/9/2008 | See Source »

What could end all this bad blood? One possibility is that Gazprom might buy out the Russian billionaires, then take control of TNK-BP. Given the acrimony between BP and its partners, it's not hard to see why the Brits might welcome Gazprom. Likewise, Gazprom may be more attuned to the benefits of having a foreign partner with deep pockets and a long-term outlook. To help develop a vast gas field in the Barents Sea, Gazprom teamed up with Norwegian oil firm StatoilHydro and French giant Total last year, indicating there's still an openness to such partnerships...

Author: /time Magazine | Title: Another Fine Mess in the Oil Business | 7/9/2008 | See Source »

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