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The Economist: The week ahead

Jun 3rd 2007
From Economist.com

RUSSIA’s regulators will now decide the fate of BP’s investment in the Kovykta gas field after the G8 conference—the government had previously seemed likely to order the confiscation of the field on June 1st.

The British oil firm’s Russian joint venture, TNK-BP, is likely to lose its licence to develop the giant source of natural gas in Siberia. Vladimir Putin, Russia’s president, has gone off foreign investment in energy.

Last year, under duress, Royal Dutch Shell and its partners agreed to sell a majority stake in a big oil and gas project called Sakhalin II to Gazprom, the state-owned gas firm.

http://www.economist.com/daily/news/displaystory.cfm?story_id=9278274&top_story=1

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