BP chief executive Bob Dudley said: "This unique agreement underlines our long-term, strategic and deepening links with the world's largest hydrocarbon-producing nation. We are very pleased to be joining Russia's leading oil company to jointly explore some of the most promising parts of the Russian Arctic, one of the world's last remaining unexplored basins.
Igor Sechin, Russia's deputy prime minister, said: "Global capital and Russian companies are clearly ready to invest in world class projects in Russia; and Russian companies are quickly emerging at the forefront of the global energy industry."
And, yes, there are those that longed for the disintegration of BP, and the rest of the industry... No. While the US continues to sway in the wind on developing our own resources, the rest of the world continues to invest, and reap the rewards of developing theirs. And so it goes.
Friday, January 14, 2011
Russian oil firm to take BP stake - Continued developments outside the U.S. worldwide. #oil #industry #invest #in
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