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Energy Blast – July 25, 2008

Posted on Friday, July 25th, 2008 | In Emerging Markets, Market Commentary, Russia
Contributed by: Robert Amsterdam (http://www.robertamsterdam.com/) -

TNK-BP’s chief, Robert Dudley, has been “forcedto leave Russia after being unable to get his visa renewed. BP says the move comes as a result of “sustained harassment”. Viktor Vekselberg said BP had brought too many of its employees on loan to TNK-BP, failed to train Russians to replace them and paid the expatriates too much. A Russian government official says that the move will help to resolve the row. The Telegraph is reporting that Dudley has fled to a secret location over fears for his safety. Read Dudley’s personal statement here. Igor Sechin plans to visit China for high-level talks on oil and gas cooperation.

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About Robert Amsterdam (http://www.robertamsterdam.com/)
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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