Thursday Aug 14
Rosneft Said to Ask Russia for $42 Billion to Ease Sanction Bite
Russian oil driller Rosneft asked the government for as much as 1.5 trillion rubles of aid, a state official said, signaling a U.S. ban on long-term loans to the company is starting to bite.
BP's risky Rosneft relationship: 'We work in countries with ups and downs'
In a week when BP 's involvement in Russia once again raised concern among investors, the City can draw consolation from the fact that chief executive Bob Dudley is a veteran of the country's perilous politics.
City Focus: BP boosted by Faustian pact with Kremlin
As the boss of now dissolved joint venture TNK-BP, he fled the country in mortal fear following a spat with the oil giant's oligarch partners in 2008.
The Wall Street Journal: BP warns on impact of Russia sanctions
BP PLC on Tuesday reported a rise in second-quarter profit, boosted by its investment in Russian energy group OAO Rosneft, but warned that further economic sanctions on Russia could adversely impact its business.
The Washington Post
Rosneft Second-Quarter Profit Beats Estimates Amid Sanctions
OAO Rosneft, Russia's largest oil producer, said second-quarter profit rose almost eight-fold after a foreign-exchange loss the previous year didn't recur.
The Motley Fool
BP's Hidden Value
However, what many investors fail to realize is the fact that there is hidden value in BP's shares.