Energy Blast – Aug 1, 2008
Source: http://www.robertamsterdam.com/2008/08/energy_blast_aug_1_2008.htmPosted on Friday, August 1st, 2008 | In Emerging Markets, Market Commentary, Russia
A Libya-Russian energy alliance “could raise alarms in Europe where countries had looked to Libya to help ease their dependence on Russian oil.†Robert Dudley may step down as chief executive officer under a possible deal to resolve differences between TNK-BP shareholders. And, in further evidence of a “thawâ€, BP chief executive Tony Hayward has met with Mikhail Fridman, with sources indicating “progressâ€. Business Week takes a look at the history of TNK-BP. Royal Dutch Shell is turning to Australia, Brazil and Iraq to counter recent losses in Nigeria caused by rebel attacks. The Moscow Times says Igor Sechin was behind Putin’s recent attack on Mechel. “In stock market lingo, Mechel fell under “Sechin’s ax,” something that stock brokers and shareholders remember all too well from the Yukos affair.â€
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Robert Amsterdam is a lawyer and an advocate for rule of law. His blog was created to express views which may stimulate debate and discussion on topics of international interest. Robert believes that we live in a world of unchallenged impunity, and he views his blog as merely a small attempt to shine a light on issues he views as important in countries with which he is engaged. He make no apologies or pretense of objectivity - he is merely stating his opinions. |
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