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BP calls search of Moscow office an illegal raid

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ensho Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Aug-31-11 10:21 AM
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BP calls search of Moscow office an illegal raid

http://finance.yahoo.com/news/BP-calls-search-of-Moscow-apf-112971589.html?x=0


Russian bailiffs search BP's Moscow office in $3 billion shareholder lawsuit



-snip-

The search is connected with a lawsuit in a Siberian court. Andrei Prokhorov, an obscure minority shareholder of BP's Russian venture TNK-BP, is suing the British oil giant for allowing an Arctic exploration deal with the Russian state-owned energy firm Rosneft to fall through. Prokhorov is seeking some $3 billion in damages. He said his interests were harmed as TNK-BP could have benefited from becoming part of the deal.

-snip-

Renaissance Capital investment bank vice president Ovanes Oganisian described the Russians in TNK-BP and BP's management in Russia as "seasoned players of conflict management" who "know what they're doing."
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fighting over the melted arctic will continue

'conflict management' now that's a money making job
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Ganja Ninja Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Aug-31-11 10:33 AM
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1. Take notes America. n/t
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