Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

BP has 'very strong' partnership with Rosneft - CEO

Published 04/24/2018, 06:04 AM
Updated 04/24/2018, 06:10 AM
© Reuters. FILE PHOTO: BP's Chief Executive Dudley speaks to the media after year-end results were announced at the energy company's headquarters in London

LONDON (Reuters) - BP (L:BP) has a "very strong" partnership with Russian oil giant Rosneft (MM:ROSN) but will steer away from politics, Chief Executive Officer Bob Dudley said on Tuesday, as Moscow could face new western sanctions.

BP has a 19.75 percent stake and a board seat in the state-owned oil and gas company.

"We have a very strong partnership with Rosneft, we have had for years, but we stay out of politics," Dudley told the AIPN International Petroleum Summit in London.

Russia could face new sanctions as western governments weigh action against Moscow over its "efforts to destabilize nations."

The Group of Seven leading industrialized nations last week condemned what it said was a Russian nerve agent attack in Britain. Russia denies any involvement in the attack.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.