Oil's well that ends well

Article Abstract:

British Petroleum has announced a merger with Amoco, at a time when petroleum prices are dropping. There is scope for cutting costs. The new company will also rank among the largest world petroleum companies, alongside Royal Dutch/Shell, and Exxon. Petroleum prices do not look set to rise over the short term due to depressed demand in Asia, nd record levels of stocks of petroleum. The merger will make the new company better able to tackle this problem as well as the need for geographic diversification of its petroleum fields.

British Petroleum Company p.l.c, AN, Amoco Corp.

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Rules of war

Article Abstract:

TNK is a major petroleum company from Russia, which has acquired Chernogorneft, a Sidanco subsidiary. BP Amoco holds a 10% stake in Sidanco, which it acquired n 1997 for $571 million. BP argues that Chernogorneft was bankrupted artificially and then had assets plundered by an administrator installed by TNK. There are also allegations about the financial affairs of TNK. The Russian government is among the stockholders of TNK. BP is unlikely to abandon Russia, despite its protests.

Tyumen Oil Co., Chernogorneft Enterprise

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Oil change

Article Abstract:

The privatization of Onako, and production sharing agreements with foreign companies in Russia are examined in detail.

Economic policy, Russia, Privatization, Privatization (Business), Onako

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