Rosneft deal signals end of wild days of Russian oil

Russia's future exploration may be with foreign partners (photo: dpa)
Russia's future exploration may be with foreign partners (photo: dpa)

BP, the UK-based energy giant, has had a turbulent relationship with the billionaires with whom it joined forces in a bid to break into the Russian market. Now both sides have sold out to state-controlled company Rosneft, but BP has gained a significant stake in what has become the world’s largest oil producer. The deal signals a change in the Kremlin’s view of foreign investment in the Russian energy sector.

The deal struck between Russian giant Rosneft and British energy major BP may prove to be a real turning point - perhaps even the end of an era - in Russian oil.

Rosneft is set to absorb Russia’s third largest oil company, the long-troubled TNK-...

Not a subscriber yet?

Subscribe now and get the latest in-depth geopolitical analysis and forecasts from GIS’s unrivaled cadre of experts.

Learn more about our subscription plans.

You can also buy this report for €8.99 Buy

Add your comment