Chavez: Russians drilling for gas

After the successful launching of a Chinese made Satellite yesterday, Venezuelan President announced today that a Russian enterprise to explore natural gas has just started. A Russian vessel with a drilling...

BP agrees peace deal with Russian partners

Giant oil company BP has initially agreed a peace truce with Russian partners of its joint venture TNK-BP " by Graeme Wearden The deal will see 20% of TNK-BP sold to outside investors through a stockmarket...

BP ups stakes by accusing Putin of failing to stop hijack by oligarchs

"BP has upped the stakes in its battle for control of its Russian joint venture, by accusing Vladimir Putin of damaging his country's reputation through failing to intervene in the escalating dispute.John Sutherland, the BP chairman, used a press conference in Stockholm to...

Russia holds TNK-BP employee for ‘spying’

This is hardball, Russian style..."The diplomatic row between Russia and the UK threatened to spill over into the business sector on Thursday after Russia’s security service said it had detained an employee of...

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