Seeking Alpha

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

  • 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.
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Comments (4)
    , contributor
    Comments (3302) | Send Message
    Isn't that ironic, the free world may need BP to help them.
    Perfect !


    Long BP
    10 Apr 2014, 09:35 AM Reply Like
  • doc47
    , contributor
    Comments (1405) | Send Message
    Ha Ha Ha!!!
    10 Apr 2014, 11:29 AM Reply Like
  • Econovan
    , contributor
    Comments (147) | Send Message
    Actually this sounds like a CEO backed into a corner sitting on an investment in the wrong side of history.
    10 Apr 2014, 04:35 PM Reply Like
  • Sakelaris
    , contributor
    Comments (2036) | Send Message
    It is a risky thing to predict who is actually on the wrong side of history. Russia has a lot going for its side, both in terms of power and in terms of what is fair.
    10 Apr 2014, 10:59 PM Reply Like
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