BP's Russian Oil Venture Faces Environmental Probe

Law360, New York (March 21, 2008, 12:00 AM EDT) -- In a one-two punch to BP's Russian oil venture, Moscow's environmental watchdog said Friday it would launch an investigation into the company's biggest oil field one day after Russian authorities revealed they had arrested an TNK-BP employee and his brother on charges of industrial espionage.

The ministry of natural resources, the Rosprirodnadzor, posted notice of the inspection of the site, a Siberian oil field known as the Samotlor, on its Web site Friday, The New York Times reported Saturday. BP said the environmental inquiry was expected...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.