"BP Chief Sees No US Problem With Russia Deal"

"LONDON -- BP's chief executive says he is confident that the oil company's latest deal in Russia won't hurt its ties with the United States.

BP last week seal a deal with Russian oil company Rosneft to explore for oil in the Arctic. BP is taking a 9 percent stake in Rosneft, which in turn is getting 5 percent of BP shares.

A member of the U.S. Congress warned the deal could threaten national security and referred to BP as 'Bolshoi oil.'"

The Associated Press had the story January 19, 2011.


"Critics Say BP Deal ‘Legitimizes’ Kremlin Theft" (Radio Free Europe)

"BP-Rosneft Deal a Challenge for Canada In Arctic" (Toronto Globe and Mail)

"BP Wins Coveted Russian Prize, to Fury of Rivals and Opponents" (Wall St. Journal)

"UK Says BP-Rosneft Tie Commercial, Not Political" (Reuters)

"Oil-Rich Norway Welcomes BP-Rosneft Arctic Deal" (Reuters)

"Rosneft Sees More Arctic Technology Tie-Ups in Russia" (Reuters)

Source: AP, 01/19/2011