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)
  • BAHAMAS1
    , contributor
    Comments (5122) | 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 (1718) | Send Message
     
    Ha Ha Ha!!!
    10 Apr 2014, 11:29 AM Reply Like
  • Econovan
    , contributor
    Comments (177) | 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 (2592) | 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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