BP, Russian billionaires, and the Kremlin: a Power Triangle that never was

In this Comment, Dr Shamil Yenikeyeff analyses the reasons for the collapse of BP’s Arctic partnership with the Russian state company Rosneft. He argues that the BP–Rosneft deal was inauspicious even before it was signed due to the history of the Kremlin’s reluctance to back BP plc in its often uneasy relations with the AAR consortium – BP’s Russian partners in the TNK–BP joint venture. Dr Yenikeyeff analyses the motives of the key players involved and looks at the possible future of BP’s involvement in Russia.

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