BP's (BP -0.5%) biggest problem after an arbitration panel blocked its partnership with Rosneft...

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

BP's (BP -0.5%) biggest problem after an arbitration panel blocked its partnership with Rosneft to explore for oil in the Arctic may be its own waning credibility. Having antagonized the Russian consortium that half-owns TNK-BP, BP also risks seriously angering the Kremlin, compounding its woes by unraveling relationships in a region critical to its future.