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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (39549)	9/6/2008 2:42:15 PM
From: Haim R. Branisteanu	Read Replies (1) \| Respond to of 220280

The truth is the other way around - and I am amazed how litle reporting is done on this - same game as with Shell in Shakalin who was forced to sell ats a big discount it's share to Gasprom So please correct it - Putin and current President Dmitri Medvedev pressed Mikhail Fridman, German Khan, Viktor Vekselberg and Len Blavatnik — to demand that they wanted more. .... and in a country where the rule of law is observed there is no need for " Several of TNK-BP’s British executives were forced to flee the country." All went well for a while until the Russian oligarchs linked to the TNK side — Mikhail Fridman, German Khan, Viktor Vekselberg and Len Blavatnik — decided they wanted more. Officially, they wanted TNK-BP to go international and thus compete with BP directly. Unofficially, they felt they had gotten enough technology out of BP to run the operation on their own. But officially or otherwise, BP realized that the oligarchs were edging them out, and the British were not pleased. Months of rancorous negotiations ensued, and the oligarchs found it very easy to get Moscow — in the form of Putin and current President Dmitri Medvedev — on their side. Since the venture’s assets were in Russia, the Russian version of rule of law is what prevailed. Several of TNK-BP’s British executives were forced to flee the country. Russian rule of law simply does not value contracts unless those contracts are convenient at the time,(or for same matter international law or international sovereignty) and the government reserves the right to overturn any decision at any time. If a megafirm like BP — with the formal and expressed blessing and backing of Downing Street — cannot ensure its investment, then no one can.