Trouble on the Russian front as BP offshoot faces loss of big gasfield

BP was facing fresh troubles in Russia yesterday after the Government moved closer to stripping TNK-BP, its Moscow subsidiary, of one of the country’s biggest gasfields.

Officials from RosPrirodNadzor, Russia’s environmental agency, recommended yesterday that a licence held by TNK-BP for the Kovytka field in Eastern Siberia be revoked. ... Read full article