| Submit your comments on this article |
| Britain |
| BP to offload stake in Rosneft amid Ukraine conflict |
| 2022-02-28 |
| [BBC] BP is to offload its 19.75% stake in Russian state-owned oil firm Rosneft after Russia's "act of aggression in Ukraine". The oil giant had come under pressure from the UK government to make the move since Thursday's invasion. It has held the shareholding in the Russian company since 2013. BP chief executive Bernard Looney has resigned "with immediate effect" from the Rosneft board, as has fellow BP-nominated director Bob Dudley. Rosneft said thirty years of successful cooperation had been ruined and blamed BP's decision on "unprecedented political pressure", according to reports from Russian news agencies. Mr Looney had been on the Rosneft board since 2020, alongside its chairman Igor Sechin, who is a close friend and ally of Russian President Vladimir Putin. |
| Posted by:Skidmark |