Russia to block foreign firms from auctions; could affect TNK-BP, Lukoil
A Russian move to bar foreign-controlled companies from bidding in this year’s auctions for strategic oil fields could have an impact on multinational firms such as BP and ConocoPhillips. Only firms with 51 percent Russian ownership will be allowed to compete.
TNK-BP, which is 50 percent owned by BP....
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Official: nationalization not the goal
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