BP Says Can Act As Bridge Between Russia And West

Dudley said last month the company "absolutely" stands by its investments in the country.

BP's chairman Carl-Henric Svanberg said investors should not over-estimate BP's exposure to Russia as the firm has comparable investments of $15 billion in Azerbaijan and Angola and all of those are dwarfed by investments in the United States.

He also said he saw no risk of asset expropriation: "Ideas of expropriation will hit them (Russia) dramatically. I can't see why that should happen".

"We are in close contacts with political leaders in different parts of the world, and of course here in the UK," said Svanberg.

Dudley, a U.S. citizen, had strained relations with Russian officials during his time as an oil executive in Moscow.


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