Posted on 07/29/2012 8:16:31 PM PDT by skully
MOSCOW (AP) — An arbitration court in Siberia ruled Friday that British oil giant BP should pay $3.1 billion in compensation to its Russian joint venture TNK-BP over a failed attempt to form an alliance with Russian state-controlled oil company Rosneft.
BP's spokesman in Russia, Vladimir Buyanov told The Associated Press that it considers the ruling by the Tyumen Region Arbitration Court unfair and will appeal it.
The verdict came in response to a lawsuit launched last year by Andrei Prokhorov, a minority shareholder of TNK-BP.
(Excerpt) Read more at seattlepi.com ...
[ Russian court orders BP to pay $3.1 billion ]
OH!... somebody didn’t get their graft payment..
You know........ A BRIBE..
At the highest levels of business and politics (they are the same), the Russians are gangsters. I don’t know the details of BP’s dealings with them, but to expect anything except gangster behavior is foolish.
Mike
Mike
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