BP exiting its 19.75% shareholding in Russian oil giant Rosneft | BP

BP is exiting its 19.75% shareholding in Russian oil giant Rosneft following pressure from the UK government.

The oil firm’s chief executive Bernard Looney is also resigning from the Rosneft board with “immediate effect”, it said in a statement.

It came after business secretary Kwasi Kwarteng held a call with Looney for around 20 minutes on Friday to discuss the company’s position.

BP’s…

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News Source: https://www.theguardian.com/business/2022/feb/27/bp-exiting-its-1975-shareholding-in-russian-oil-giant-rosneft

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