BP moves to clean up troubles: guilty plea on 2005 blast, trading-charges settlement expected to come tomorrow

Article Abstract:

UK petroleum company BP PLC is expected to plead guilty to environmental allegations involving the Clean Air Act in the US, and to pay $303 mil to avoid prosecution for allegedly manipulating the propane sector. BP has already agreed to pay a fine of $21.4 mil to settle violations of Occupational Safety and Health Administration's workplace safety regulations. The firm is also expected to pay a fine of $50 mil for a refinery explosion in Texas.

United States, Health Care and Social Assistance, HEALTH SERVICES, Employee Health & Safety, United Kingdom, Occupational health and safety, Occupational safety and health, Unfair competition (Commerce), Unfair competition, Liability for environmental damages

---

Russia probes BP venture

Article Abstract:

The Russian Ministry of the Interior is conducting an investigation into alleged tax evasion by company Sidanko which had been merged into petroleum joint venture TNK-BP in 2003. Article discusses a related government probe into alleged espionage by British Petroleum employees, and government relations with foreign petroleum companies.

Investigations, Tax evasion, Governmental investigations, Government investigations, TNK-BP, Russia. Ministry of the Interior, Sidanko

---

Yukos's woes are unlikely to affect its oil output with crude prices high, Kremlin has a big incentive not to crimp firm's output

Article Abstract:

Despite the ongoing legal battle in Russia, involving OAO Yukos, investors do not expect oil production to become seriously affected. The Russian government has too much to lose by hampering the petroleum company. This is especially true now, with the price of oil on the rise.

Economic aspects, Political aspects, OAO NK Yukos

Similar abstracts:

• Abstracts: Fix the mix. Who to trust?: The fight over which body will regulate key parts of Hong Kong stock trading is nearing its end
• Abstracts: Prodi to open up Italy's economy. Italy sets plan to reduce ratio of debt to GDP. Italy adopts overhaul of state pension plan: long-awaited revisions lift male retirement age to help curb rising costs
• Abstracts: Transverse netting gentle on the fish. Netting doesn't need dipping. Samples of new netting from Portugal - at FISHING 2005
• Abstracts: KPMG used its own tax shelter. Nine are charged in KPMG case on tax shelters. How lawyers helped drive the boom in tax shelters: R.J. Ruble blessed products from KPMG: the IRS says he had role in developing rich trade in opinion letters
• Abstracts: Solving non - additive traffic assignment problems:a descent method for co - coercive variational inequalities

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.