LONDON — BP's chief executive gave a cool assessment of the company's chances of reviving a $16 billion share swap and Arctic exploration deal with Rosneft, saying talks on the tie-up had faded.
"Whether that project goes forward or not, it's very quiet. This is part of a big portfolio of exploration pursuit. Sometimes it's successful, sometimes it's not," Bob Dudley said Wednesday.
But BP chairman Carl-Henric Svanberg was clinging to hopes that the deal could be revived in one form or another. Rosneft has many Arctic blocks that BP could help it explore, Svanberg told reporters. "It will come back. … We are obviously a favored partner for Rosneft," he said.
(Reuters)
A Message from The Moscow Times:
Dear readers,
We are facing unprecedented challenges. Russia's Prosecutor General's Office has designated The Moscow Times as an "undesirable" organization, criminalizing our work and putting our staff at risk of prosecution. This follows our earlier unjust labeling as a "foreign agent."
These actions are direct attempts to silence independent journalism in Russia. The authorities claim our work "discredits the decisions of the Russian leadership." We see things differently: we strive to provide accurate, unbiased reporting on Russia.
We, the journalists of The Moscow Times, refuse to be silenced. But to continue our work, we need your help.
Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just $2. It's quick to set up, and every contribution makes a significant impact.
By supporting The Moscow Times, you're defending open, independent journalism in the face of repression. Thank you for standing with us.
Remind me later.
