Tag Archives: British Petroleum

BP To Dump Its Stake In Russian Oil Giant Rosneft

Reuters reports: BP said on Sunday it plans to abandon its 19.75% stake in oil giant Rosneft in the wake of Russia’s invasion of Ukraine, marking an abrupt and costly end to 30 at times fraught years operating in the oil-rich country. The British oil and gas giant did not say how it planned to exit its stake, which it …

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