A Siberian court on Friday piled more legal pressure on BP (IW 1000/3) by ordering the British group to pay $3.1 billion in damages for its attempted Arctic oil exploration tie-up with the state giant Rosneft.
The ruling comes as BP holds direct negotiations with Rosneft, Russia's largest oil firm, to buy out the British firm's stake in the troubled TNK-BP joint venture it co-owns with four local tycoons....
More