BP's Russian Deal Oils the Wheels

It looks like the London energy company has formed a strategic alliance with state-owned Gazprom that will improve the situation for both

The deal announced by BP (BP) and Gazprom on June 22 resolving the dispute over the Kovykta gas fields is probably the best the London energy giant could have hoped for. Right down to the wire it looked as if BP might be a big loser.

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