{"id":471537,"date":"2022-02-28T09:34:52","date_gmt":"2022-02-28T04:04:52","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=471537"},"modified":"2022-02-28T10:09:29","modified_gmt":"2022-02-28T04:39:29","slug":"bp-exiting-stake-in-russian-oil-gas-company-rosneft-over-ukraine-invasion","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/bp-exiting-stake-in-russian-oil-gas-company-rosneft-over-ukraine-invasion\/","title":{"rendered":"BP exiting stake in Russian oil, gas company Rosneft over Ukraine invasion"},"content":{"rendered":"<p>BP said Sunday it is exiting its share in Rosneft, a state-controlled Russian oil and gas company, in reaction to Russia&#8217;s invasion of Ukraine.<\/p>\n<p>BP has held a 19.75% stake in Rosneft since 2013. That stake is currently valued at USD 14 billion.<\/p>\n<p>London-based BP also said its CEO, Bernard Looney, and former BP executive Bob Dudley will immediately resign from Rosneft&#8217;s board.<\/p>\n<p>Like so many, I have been deeply shocked and saddened by the situation unfolding in Ukraine and my heart goes out to everyone affected. It has caused us to fundamentally rethink BP&#8217;s position with Rosneft, Looney said in a statement.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>BP said Sunday it is exiting its share in Rosneft, a state-controlled Russian oil and gas company, in reaction to Russia&#8217;s invasion of Ukraine. BP has held a 19.75% stake in Rosneft since 2013. That stake is currently valued at USD 14 billion. London-based BP also said its CEO, Bernard Looney, and former BP executive Bob Dudley will immediately resign from Rosneft&#8217;s board. Like so many, I have been deeply shocked and saddened by the situation unfolding in Ukraine and my heart goes out to everyone affected. It has caused us to fundamentally rethink BP&#8217;s position with Rosneft, Looney said [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,169],"tags":[],"class_list":["post-471537","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/471537","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=471537"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/471537\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=471537"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=471537"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=471537"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}