BP essay
British Petroleum In Russia
Introduction
BP International Oil and Gas Company is one of the world's leading international oil and gas companies. Provide customers with fuel for transportation, energy for heat and light, lubricants to keep engines moving, and the petrochemicals products used to make everyday items as diverse as paints, clothes and packaging.
Key facts
Around 80 countries of operation
Employees 90.000
The Economic value $403.3 billion
Operating cash flow $21.1 billion
Barrells of oil produced per day 3.2 million
Proved reserves 18 million barrels of oil eq.
BP is one of the world's leading international oil and gas companies. provide customers with fuel for transportation, energy for heat and light, lubricants to keep engines moving, and the petrochemicals products used to make everyday items as diverse as paints, clothes and packaging
They believe that the best way for BP to achieve sustainable success as a company is to act in the long-term interests of their partners and society.
They develop and deploy technologies that they expect will make the greatest impact on their business.
The BP Energy Outlook 2035 contains the projections of future energy trends and factors that could affect them, based on the views of likely economic growth.
BP’s involvement in Russia
What happens next?
The fact is that BP has always been willing to take calculated risks whether its going into Russia
Its partnership with AAR started creaking in 2007. AAR claimed BP was blocking its ambitions for TNK-BP, including by resisting its attempts to expand it outside Russia. On 1 June 2012, BP announced its intention to pursue a sale of its shareholding in TNK-BP. In October 17th it became clear that AAR, a consortium of Russian billionaires, had agreed to sell its half of TNK-BP to Rosneft for $28 billion. The deal was completed on 21 March 2013. BP received cash (approximately $12.5 billion) and shares (18.5% of Rosneft) in consideration
Introduction
BP International Oil and Gas Company is one of the world's leading international oil and gas companies. Provide customers with fuel for transportation, energy for heat and light, lubricants to keep engines moving, and the petrochemicals products used to make everyday items as diverse as paints, clothes and packaging.
Key facts
Around 80 countries of operation
Employees 90.000
The Economic value $403.3 billion
Operating cash flow $21.1 billion
Barrells of oil produced per day 3.2 million
Proved reserves 18 million barrels of oil eq.
BP is one of the world's leading international oil and gas companies. provide customers with fuel for transportation, energy for heat and light, lubricants to keep engines moving, and the petrochemicals products used to make everyday items as diverse as paints, clothes and packaging
They believe that the best way for BP to achieve sustainable success as a company is to act in the long-term interests of their partners and society.
They develop and deploy technologies that they expect will make the greatest impact on their business.
The BP Energy Outlook 2035 contains the projections of future energy trends and factors that could affect them, based on the views of likely economic growth.
BP’s involvement in Russia
What happens next?
The fact is that BP has always been willing to take calculated risks whether its going into Russia
Its partnership with AAR started creaking in 2007. AAR claimed BP was blocking its ambitions for TNK-BP, including by resisting its attempts to expand it outside Russia. On 1 June 2012, BP announced its intention to pursue a sale of its shareholding in TNK-BP. In October 17th it became clear that AAR, a consortium of Russian billionaires, had agreed to sell its half of TNK-BP to Rosneft for $28 billion. The deal was completed on 21 March 2013. BP received cash (approximately $12.5 billion) and shares (18.5% of Rosneft) in consideration