Wednesday, September 14, 2022
Newsnuz
  • Home
  • World News
    Ukraine warfare: Putin focused international legion in strike close to Poland

    Ukraine warfare: Putin focused international legion in strike close to Poland

    Trump tears in to Biden for ‘enjoying into Putin’s palms’

    Trump tears in to Biden for ‘enjoying into Putin’s palms’

    Ukrainian blogger who survived Mariupol hospital assault offers start as on-line trolls goal her

    Ukrainian blogger who survived Mariupol hospital assault offers start as on-line trolls goal her

    Ukraine struggle: Visitors on Russian state TV describe the invasion as like ‘Afghanistan, however even worse’

    Ukraine struggle: Visitors on Russian state TV describe the invasion as like ‘Afghanistan, however even worse’

  • Business
    15 Things to Consider When Choosing an ETF Platform in Singapore

    15 Things to Consider When Choosing an ETF Platform in Singapore

    Electrical Final Mile shares plummet to $1 after the corporate confirmed the SEC investigation

    Electrical Final Mile shares plummet to $1 after the corporate confirmed the SEC investigation

    Crippling sanctions will not be sufficient – Here is what must be executed to cease Putin

    Crippling sanctions will not be sufficient – Here is what must be executed to cease Putin

    A Harvard nutritionist shares the 6 greatest mind meals you are ‘not consuming sufficient’ of

    A Harvard nutritionist shares the 6 greatest mind meals you are ‘not consuming sufficient’ of

  • Economy
    The case towards punishment of Russia on the WTO

    The case towards punishment of Russia on the WTO

    We’d like an enormous vitality deal

    We’d like an enormous vitality deal

    UK households are being hit with £38bn by rising power payments

    UK households are being hit with £38bn by rising power payments

    What targets stay for US sanctions in Russia?

    What targets stay for US sanctions in Russia?

  • Entertainment
    Kim Kardashian claims Kanye West stated her “profession was over” within the trailer for the brand new “Kardashians” collection.

    Kim Kardashian claims Kanye West stated her “profession was over” within the trailer for the brand new “Kardashians” collection.

    Jussie Smollett’s brother says he was admitted to Cook dinner County Jail psychiatric ward, denies he’s vulnerable to ‘self-harm’

    Jussie Smollett’s brother says he was admitted to Cook dinner County Jail psychiatric ward, denies he’s vulnerable to ‘self-harm’

    Braxton Household Releases Assertion After Traci Braxton’s Loss of life: ‘Our Angel Is Now A Snowflake’

    Braxton Household Releases Assertion After Traci Braxton’s Loss of life: ‘Our Angel Is Now A Snowflake’

    Jussie Smollett publicizes he’s ‘not suicidal’ following his conviction on alleged hate crime prices

    Jussie Smollett publicizes he’s ‘not suicidal’ following his conviction on alleged hate crime prices

  • Health
    5 anti-inflammatory meals adjustments

    5 anti-inflammatory meals adjustments

    Sleep Nicely – and Scale back Your Danger of Dementia and Demise – Harvard Well being Weblog

    Sleep Nicely – and Scale back Your Danger of Dementia and Demise – Harvard Well being Weblog

    Is IBD an unrecognized minority well being downside?

    Is IBD an unrecognized minority well being downside?

    Sickle Cell Illness in Newborns and Youngsters: What Households Ought to Know and Do

    Sickle Cell Illness in Newborns and Youngsters: What Households Ought to Know and Do

  • Politics
    Politico is urging Josh Hawley to make use of the notorious 1/6 photograph on his marketing campaign articles

    Politico is urging Josh Hawley to make use of the notorious 1/6 photograph on his marketing campaign articles

    Bombshell Memo Reveals Tucker Carlson’s Function in Putin’s Info Battle

    Bombshell Memo Reveals Tucker Carlson’s Function in Putin’s Info Battle

    Trump can flip Georgia over to Democrats together with his conflict on the GOP

    Trump can flip Georgia over to Democrats together with his conflict on the GOP

    Trump suffers a convincing loss within the lawsuit towards E. Jean Carroll

    Trump suffers a convincing loss within the lawsuit towards E. Jean Carroll

  • Sports
    Richard Sherman scoffs on the thought of ​​Matthew Stafford being inducted into the Corridor of Fame

    Richard Sherman scoffs on the thought of ​​Matthew Stafford being inducted into the Corridor of Fame

    Tremendous Bowl officers did not see Tee Higgins “seize and twist” Jalen Ramsey’s face masks on TD.

    Tremendous Bowl officers did not see Tee Higgins “seize and twist” Jalen Ramsey’s face masks on TD.

    How the Bengals’ Ja’Marr Chase put collectively the perfect rookie WR season in NFL historical past

    How the Bengals’ Ja’Marr Chase put collectively the perfect rookie WR season in NFL historical past

    Cristiano Ronaldo’s objective drought continues within the draw towards Saints

    Cristiano Ronaldo’s objective drought continues within the draw towards Saints

  • Technology
    Seeing is believing: Visibility is essential within the cloud age

    Seeing is believing: Visibility is essential within the cloud age

    Lisa Barlow thinks Jennie deserves a “second probability” at RHOSLC

    Lisa Barlow thinks Jennie deserves a “second probability” at RHOSLC

    Create equitable experiences to empower your staff

    Create equitable experiences to empower your staff

    Kandi Burruss on Porsha’s relationship with Simon, RHOA Feud

    Kandi Burruss on Porsha’s relationship with Simon, RHOA Feud

No Result
View All Result
Newsnuz
Home Business

BP sells its stake in Russia’s Rosneft

John Ellens by John Ellens
February 27, 2022
in Business
0
BP sells its stake in Russia’s Rosneft
Share on FacebookShare on Twitter

[ad_1]

The Kremlin is mirrored within the polished signboard of Russian state-controlled oil big Rosneft on the entrance to its Moscow headquarters.

Dmitry Kostyukov | AFP | Getty Photographs

British power big BP introduced on Sunday that it was divesting its 19.75% stake in Rosneft, a Russian-controlled oil firm.

BP CEO Bernard Looney and former supervisor Bob Dudley are additionally stepping down from Rosneft’s board of administrators, efficient instantly. Looney has served as a director of Rosneft since 2020 as certainly one of two administrators nominated by BP. Dudley had been a director since 2013, the corporate stated.

BP has operated in Russia for greater than 30 years, however the Russian invasion of Ukraine has compelled the corporate to reassess its holdings.

“This army motion represents a sea change,” BP Chairman Helge Lund stated in an announcement. “This has led the BP board, after a radical course of, to the conclusion that our stake in Rosneft, a state-owned firm, merely can not proceed.”

BP has confronted overwhelming stress from the UK authorities to divest its stake within the firm, the Wall Road Journal reported final week. British officers accused Rosneft of fueling the Kremlin’s advance into Ukraine, the paper stated.

UK Enterprise Secretary Kwasi Kwarteng, who reportedly spoke to BP final week, stated on Twitter he welcomed the corporate’s resolution.

“Russia’s unprovoked invasion of Ukraine should be a wake-up name for British firms with business pursuits in Putin’s Russia,” Kwarteng stated.

In line with the Journal, Rosneft had contributed a couple of third of BP’s oil and fuel manufacturing.

Because of divesting its stake, BP expects to report a fabric non-cash cost with its first quarter 2022 ends in Could.

[ad_2]

Source link

Related posts

15 Things to Consider When Choosing an ETF Platform in Singapore

15 Things to Consider When Choosing an ETF Platform in Singapore

April 19, 2022
Electrical Final Mile shares plummet to $1 after the corporate confirmed the SEC investigation

Electrical Final Mile shares plummet to $1 after the corporate confirmed the SEC investigation

March 14, 2022
Previous Post

The invasion of Ukraine underscores Europe’s dependence on Russian fossil fuels

Next Post

Huge Sean denies that the leaked nude image is of him

Next Post
Huge Sean denies that the leaked nude image is of him

Huge Sean denies that the leaked nude image is of him

LATEST NEWS

F1: Michael Masi has been SACKED as race director after Abu Dhabi Grand Prix controversy

F1: Michael Masi has been SACKED as race director after Abu Dhabi Grand Prix controversy

7 months ago
NBA Score: Seeding Situations, Breakdown of Closing Locations within the 2021 Playoffs

NBA Score: Seeding Situations, Breakdown of Closing Locations within the 2021 Playoffs

1 year ago
Erica Mena and Safaree Samuels revealed they’re anticipating Child # 3

Erica Mena and Safaree Samuels revealed they’re anticipating Child # 3

1 year ago
How rising groundwater brought on by local weather change may devastate coastal communities

How rising groundwater brought on by local weather change may devastate coastal communities

9 months ago

BROWSE BY CATEGORIES

  • Admit Card
  • Business
  • Economy
  • Education
  • Entertainment
  • Festivals
  • Health
  • Hindi movie review
  • India News
  • International News
  • Latest jobs
  • Malayalam movie review
  • Movie Buzz
  • Movie Gossips
  • News
  • News World
  • Others
  • Politics
  • Sports
  • Tamil movie review
  • Technology
  • Telugu
  • Telugu Movie Review
  • Tickets Booking Online
  • Uncategorized
  • Videos
  • World News
Newsnuz

Here You Got the latest News About Business Health, Economy, Entertainment, Politics, & Sports From All over the world

RECENT NEWS

15 Things to Consider When Choosing an ETF Platform in Singapore

15 Things to Consider When Choosing an ETF Platform in Singapore

April 19, 2022
Ukraine warfare: Putin focused international legion in strike close to Poland

Ukraine warfare: Putin focused international legion in strike close to Poland

March 15, 2022

CATEGORY

  • Admit Card
  • Business
  • Economy
  • Education
  • Entertainment
  • Festivals
  • Health
  • Hindi movie review
  • India News
  • International News
  • Latest jobs
  • Malayalam movie review
  • Movie Buzz
  • Movie Gossips
  • News
  • News World
  • Others
  • Politics
  • Sports
  • Tamil movie review
  • Technology
  • Telugu
  • Telugu Movie Review
  • Tickets Booking Online
  • Uncategorized
  • Videos
  • World News

NEWSLETTER

  • Privacy & Policy
  • Terms & Conditions

© 2021 Newsnuz.com. All Rights Reserved.

No Result
View All Result
  • Home
  • World News
  • Business
  • Economy
  • Entertainment
  • Health
  • Politics
  • Sports
  • Technology

© 2021 Newsnuz.com. All Rights Reserved.

Go to mobile version