3 ms·
1) I'm sure it _has_ caused BP to fundamentally rethink their position with Rosneft. Not necessarily for altruistic reasons, but that is probably a true statem
by rossdavidh 5y ago
1) I'm sure it _has_ caused BP to fundamentally rethink their position with Rosneft. Not necessarily for altruistic reasons, but that is probably a true statement. When they got into Russia, it looked like an investment in, say, Turkey or Egypt or China or some other moderately-unpopular-but-not-radioactive regime. It looks different now.
2) They are unlikely to get a line item = $25B payment from anyone to make up for this, but it may well be that it pays off in a lot of less easily quantifiable ways, which can nonetheless be equal or greater in value. A lot of the petroleum business involves politics, compared to many other industries, and the hit from trying to hold on to it might well have been more costly.