Tony Hayward was expected to resign Monday after a meeting in London to determine his fate. Instead, he’s being shuffled off to Russia, where he will direct BP’s role in TNK-BP, a joint venture considered one of BP’s plum projects . Hayward may appear to be escaping culpability for leading a wreck less business that caused the oil spill within the Gulf of Mexico 2010, and then botching the oil spill response. But before he flies to Moscow, some Americas senators would like to ask him some personal questions about a BP-Libya oil deal they think influenced the release of a convicted terrorist.
Tony Hayward’s Russian gig has an ironic twist
In October Tony Hayward steps down as BP CEO. The New York Daily News ran an Associated Press report that said Hayward will probably be changed as BP’s CEO by Robert Dudley. Hayward was changed by Dudley as BP’s point man for the oil spill response. The board of BP’s Russian venture TNK-BP now has a seat for Hayward. In an ironic twist, Dudley led TNK-BP until he got on someone’s bad side and had to leave Russia in 2008.
Dudley and TNK-BP – not a happy ending
If Tony Heyward’s new post leading BP’s partnership with Russian oil barons is indicative, his company nevertheless regards him highly, perhaps if most Americans and Americas politicians don’t. Accounting for 25 percent of its total production, the Washington Post reports that the TNK-BP venture is one of BP’s crown jewels. But Robert Dudley’s experience proves the post could be a headache. Russian shareholders forced Dudley to flee the country for the sake of the deal.
Did Tony Hayward make the BP-Libya oil deal?
U.S. Senators Bob Menendez and Kirsten Gillibrand want to haul Tony Hayward before Congress, perhaps though he is stepping down. The senators will hold a hearing July 29 on the release of the Lockerbie bomber and also the New York Observer reports that they want to ask Hayward a couple of questions. The senators are pushing British officials for weeks to conduct a full investigation of the links between a BP-Libya oil deal and the release of Lockerbie bomber Abdul Baset al-Megrahi. Hayward may have had a role in negotiations with the Libyans during that deal, Menendez said.
Further reading
nydailynews.com/
nytimes.com
observer.com
1 comment:
I am normally not a proponent of the russian equals junk theory. But this has to be the easiest decision this year. The Apache has no comparison. Period
Russian venture company
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