BP ‘barred from Siberia auctions’

Russia has cancelled three auctions for rights to develop Siberian oil fields to stop BP’s Russian joint venture from competing, the Izvestia reported.

TNK-BP had already put in bids for two of the three oil fields that were due to be auctioned.

A BP spokesman in London declined to comment on the Izvestia report.

Earlier this year, Russia’s state natural resources ministry proposed barring foreign firms from auctions of Russia’s natural resources.
BBC