BP Amoco, TNK make peace, freeing Ex-Im loans

Russia's Tyumen Oil Co. and BP Amoco PLC have apparently resolved a dispute over ownership of a Russian oil firm, thus scuttling US government opposition to loans backing use of US technology in two major Russian projects.Tyumen Oil (TNK) has secured production licenses previously held by its Kondpetroleum and Chernogornefte- gaz units and plans to return both the Chernogorneft license and the related unit itself to Sidanko, in which BP Amoco PLC holds a stake.The tentative agreement between TNK and BP Amoco-which, among other things, allows for cooperation in the rehabilitation of Siberia's supergiant Samotlor oil field-seems to have encouraged the US Department of State to drop ...

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