TNK-BP Dispute Erupts in Legal Threat
Jun 16th, 2008 | By Contrarian Profits | Category: Featured, Financial NewsThe dispute over TNK-BP erupted last week after the Russian billionaire co-owners of the Anglo-Russian oil joint venture said they planned to sue BP in Moscow and international courts.
Byron King in Energy and Oil looks at the reasons behind the TNK-BP dispute:
The Kremlin has invested heavily in Russia’s image as an energy superpower. During the recent Russian Victory Day celebrations on May 9, many commentators referred to Russia’s energy sector as one of the key elements of Russian power.