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27.07.2010, 11:52

BP confirms Hayward departure

Global energy producer BP has confirmed that CEO, Tony Hayward, will step down on October 1 this year, to be replaced by former TNK-BP head Robert Dudley, with Hayward to be nominated as non executive director of TNK-BP.

26.07.2010, 14:34 1 comment

Apartment sales drive Russian real estate rebound

According to the official statistics the number of completed apartment sales in Russia jumped 49% year on year during 1Q 2010, with Moscow sales volumes up 108% on 2009 and 43% on 2008.

26.07.2010, 15:24

Inflation rebound was analyst looking for when, not if

The one upside of Russia’s economic downturn has been the scope for reining in Russia’s hitherto out of control inflation rate, but economic analysts say the hard road is ahead.

29.06.2010, 11:36 1 comment

ConocoPhillips and Russia

Amidst a major shakeup of the global oil market, James J. Mulva CEO of US oil major, ConocoPhillips, spoke with business RT about the company’s plans in Russia.

RIA Novosti 27.02.2010, 10:38

TNK-BP looking for market expansion beyond Russia

TNK-BP has told RT it is considering making further investments beyond Russian borders after the company dropped its previous objections to the expansion of the company into foreign markets.

21.09.2010, 13:21

Rosneft and CNPC sign up for $5 billion China refinery

The China National Petroleum Corporation (CNPC) and Rosneft, Russia’s largest oil producer have signed up to jointly develop a $5 billion oil refinery in Tianjin, China.

07.07.2010, 18:06 3 comments

The impact of Russian oil in the United States

With Russian oil from the East Siberian Pacific Ocean Pipeline now making it to the USA, Business RT spoke with Jorge Montepeque, Global Editorial Director, Markets & Price Assessments, Platts, about the implications.

07.06.2009, 09:21 2 comments

“When the dollar went up, the markets went down”

The US is the biggest economy in the world, and if the blame for the global economic crisis is put on the US, it is put on the centre of the financial world - it is the same thing.

21.08.2010, 08:32 1 comment

Bread prices to take hit from drought

The Russian government says reports that Russia will have to boost grain imports are ‘groundless’ but bread prices seem set to rise.

25.05.2009, 17:45

Norilsk Nickel posts FY 2008 Net Loss of $555 million

Russian mining giant, Norilsk Nickel, has posted a FY 2008 Net Loss of $555 million under IFRS.

New BP CEO has the hard yards ahead

Published: 27 July, 2010, 15:33
Edited: 29 July, 2010, 08:52


2 years after fleeing Russia in the midst of a shareholder dispute between BP and its AAR joint Venture partners at TNK-BP, former TNK-BP head has been tapped to take over the reins at BP.

 
1 COMMENT
J Zamora July 29, 2010, 07:41 quote
0

Question? If Russia is so anti " West" What is British Petroleum doing in your back yard pumping millions of gallon of oil out it.

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