BP: Beyond StuPid
March 26, 2011 at 18:04 PM EDT
A Swedish arbitration panel has ruled in favor of the AAR consortium and found that BP’s deal with Rosneft to explore and develop oil properties in the Arctic had violated the TNK-BP shareholder agreement. Under this agreement, BP (BP) pledged to undertake all its Russian operations through TNK-BP. After BP signed the deal with Rosneft, [...]