Point of View - TNK-BP CEO banks on Russian oil, gas growth

While most Russia-watchers have been concerned about the recent OAO Yukos investigation and subsequent unraveling of the company's proposed merger with rival Russian giant OAO Sibneft, TNK-BP has been going about its business and is poised to capitalize on potentially explosive energy growth in Russia over the next decade.BP PLC's $7.7 billion investment for half of what would become TNK-BP, as of September 2003, marked the largest single foreign investment in a Russian company in history.Analysts say the TNK-BP deal spurred talk of the Yukos-Sibneft deal, and increased interest in Russia from the likes of ExxonMobil Corp., ChevronTexaco Corp., and other major oil and natural gas ...

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