Problems continue to pile up at BP. Last week an arbitration tribunal blocked its joint venture with Russia's Rosneft. The oligarchs who own half of BP's other Russian venture, TNK-BP, had argued that BP's Rosneft deal violated the terms of their alliance with BP, whereby both parties can only pursue new Russian projects through TNK-BP. BP still hopes to press ahead with a planned share swap with Rosneft. This week, there were reports that BP's managers could face manslaughter charges over last year's Gulf of Mexico oil spill.
What the commentators said
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