Investors have given Bob Dudley’s Russia strategy at BP a decidedly Arctic welcome. That is understandable. The BP chief executive’s handling of the shift towards Rosneftfrom BP’s old partners at TNK-BP has been clumsy. BP shareholders resist being diluted by a proposed $16bn share swap with Rosneft now that the Arctic exploration agreement on which it was predicated has been frozen by a court. Mr Dudley’s new strategy has also started a fight with the formidable oligarchs in the AAR consortium, which owns 50 per cent of TNK-BP.
对于英国石油公司(BP)首席执行官鲍勃•达德利(Bob Dudley)的俄罗斯战略，BP股东们的态度之冷淡，简直可以用北极的温度来形容。这可以理解。BP打算抛开在秋明BP(TNK-BP)的老合作伙伴，转而与俄罗斯石油公司(Rosneft)合作，但达德利处理此事的手法可不高明。既然与Rosneft的一份北极勘探协议已被法院冻结，基于这项勘探协议的与Rosneft进行160亿美元换股交易的提议，自然就遭到了BP股东的拒绝，因为这笔交易会稀释他们的股权。达德利的新战略也挑起了BP与AAR财团里那些可怕的寡头们的斗争——AAR财团持有秋明BP半数的股权。