Russ Oil-Gas

July 29, 2008 - Kommersant - Britain’s BP and Russia’s Gazprom proceed with the talks about final execution of the deal to set up an international alliance, said BP CEO Tony Hayward. The talks about executing the deal that was announced far back in June 2007 aren’t very active but they go on, Mr Hayward made clear. BP’s relations with Russia’s state-run Rosneft are good; both companies jointly execute a few projects in Sakhalin, the official pointed out. BP and TNK-BP concluded the understanding memorandum for setting up a strategic alliance with Gazprom in June of 2007. The purpose of partnership is to invest in joint energy projects and to swap assets worldwide.