Rosneft Stake Becomes Headache For Oil Major BP ...Middle East

While BP was unveiling its strategy to reinvent itself from an international oil company to an integrated energy company in London last year, thousands of miles away Russian giant Rosneft—in which the UK supermajor holds 20 percent—was preparing to launch an ambitious multi-billion-dollar onshore oil project in Russia’s Arctic.    BP’s target to become a net-zero business by 2050 or sooner includes reduction of oil and gas production by 40 percent by 2030. Within a decade, the company aims to have boosted…

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