Skip to main navigation or content
Oil major BP has recalled from Russia all of the technical staff it seconded to its Russian joint venture TNK-BP. This is the latest move in an ongoing and increasingly bad-tempered spat with the local oligarchs who own the other half of the venture.
Advertising
The exodus of BP technical staff mean it's unlikely that TNK-BP will achieve the production gains it was previously slated to deliver from 2010 onwards - and total BP production will suffer accordingly. BP now looks high enough at 527p.
The UK’s No.1 Stockbroker
Access a selection of share tips, comprehensive company analysis and full financial data on listed companies. Plus portfolio tools with advanced alerts when you register for free here.
Advertorial Feature
Have you ever watched a move in the markets that you saw coming, but you weren't able to exploit?
by Dominic Picarda
Advertorial Feature
With so many big moves in the world's financial markets, there have seldom been more opportunities around for spread traders. Isn't it time you joined them?
by Dominic Picarda
© The Financial Times Limited 2008. All rights reserved. "Investors Chronicle", "FT" and "Financial Times" are trademarks of The Financial Times Limited. No part of these web pages may be reproduced or transmitted to or stored in any other website or other form of electronic retrieval system, without prior permission in writing from the editor.
Warning: Do remember, particularly if you are new to stock market investment that the prices of shares and other investments can fall sharply. You may not get back the money you originally invested. The material here is for general information only and is not intended to be relied upon for individual investment decisions. Take independent advice before making such decisions. This site is aimed at UK residents only. To read more please see our Important Warning
-IC-1.5.4a-prod - 31/10/2008 13:11:34 - carlos.princz
