Friday, June 1, 2007

BP May Lose License to $18 Billion Siberian Gas Field as Putin Cracks Down

(Bloomberg) -- BP Plc's Russian venture may lose its
license today to a Siberian field with enough natural gas to
supply Asia for five years as President Vladimir Putin cracks
down on foreign energy projects.

The Natural Resources Ministry's license-revocation
committee should annul BP's permit for the $18 billion Kovykta
field when it meets later today, said Oleg Mitvol, deputy head
of the ministry's environmental inspectorate.


Read more at Bloomberg Energy News

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