LONDON (AP) — BP says it remains committed to its investment in the Russian oil firm Rosneft, despite U.S. sanctions targeting its president, Igor Sechin, and sharp drops in income from its stake. BP said its so-called underlying pre-tax replacement cost profit, a measure of earnings, for Rosneft fell to $271 million for the quarter ending in March, compared with $1.08 billion during the fourth quarter.
Comment on BP: committed to Russia stake despite sanctions
Business Heds Index, Seattle Post-Intelligencer: Business
Tue, 04/29/2014 - 2:20am
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