BP can be a bridge between Russia and the West, Dudley says

|About: BP p.l.c. (BP)|By:, SA News Editor

BP can play an "important role" as a bridge between the West and Russia, which remains vital for Europe's energy security, CEO Bob Dudley tells shareholders at the company's annual general meeting.

BP, the biggest foreign investor in Russia's oil sector, will continue to seek ways of developing its business there, despite tensions over the crisis in Ukraine, Dudley says.

BP has a 20% stake in Russia's state-owned oil and gas company Rosneft (RNFTF) - which could still be a very good deal for BP in the long term.