BP Says New Sanctions on Russia Appear to Target Access to Markets
LONDON, July 17 (Reuters) – BP said on Thursday it was studying the latest sanctions against Russia and that on first impression they appeared to focus on restricting access of sanctioned entities to U.S. medium and long-term debt and equity capital markets.
BP has a stake of just under 20 percent in Russian state-controlled oil major Rosneft and generates a quarter of its oil output from Russian oil fields. It is also one of the biggest buyers of Russian oil.
On Wednesday, U.S. President Barack Obama imposed the toughest sanctions yet on Russia, targeting companies closest to Russian leader Vladimir Putin over what Washington says is Moscow's failure to curb violence in Ukraine.
(Reporting by Dmitry Zhdannikov; editing by Jason Neely)
WHAT DO YOU THINK?
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.
Operates 27 Offshore Rigs
- BP Chairman Svanberg to Retire; Search Starts for Successor (Oct 19)
- BP Midstream Partners Seeks To Raise Up To $893MM In IPO (Oct 16)
- BP, Azerbaijan's SOCAR To Sign Caspian Sea Exploration Deal In 2017 (Oct 12)
Company: Rosneft more info
- Eni Looks To Strengthen Ties With Rosneft, Maybe In LNG (Oct 19)
- Kremlin Oil Major Piles Up Investments In Iraq's Kurdistan Amid Crisis (Oct 18)
- China's CEFC Eyes Big League With Rosneft Oil Offtake Deal (Oct 17)