FSU/Eastern Europe: Reform in Russia leaves unsolved problems ///

Last February, BP announced its largest investment in Russia, yet – $6.5 billion – to be made through a venture that combines the major’s Russian holdings with those of Tyumen Oil Co. (TNK), and its partner, Access-Renova. The new entity will become Russia’s third-largest oil company. Russian officials and foreign observers, alike, have praised the deal, holding it up as an indication of radical improvements in the investment climate of Russia’s oil sector.

Log in to view this article.

Not yet a subscriber?  Get started now for immediate access to this content and more.



Already a subscriber but don’t have an online account? Contact our customer service.