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Saturday, August 09, 2008

Big Oil, No Mojo.

Newsweek, August 9, 2008 - “BP CEO Tony Hayward is fighting the biggest battle in the British oil giant’s history since it enlisted the CIA to overthrow the Iranian government for nationalizing the company’s holdings in 1953. Except this time, the odds seem stacked against the company. BP has withdrawn executives and specialists from Russia in a battle over control of its Russian joint venture, TNK-BP. BP chairman Peter Sutherland has accused the Kremlin of turning a blind eye to an asset grab by BP’s partners, four powerful Russian oligarchs.” Read more.

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