The Telegraph: "A Friend in Need Is a Friend Indeed"

The President of the country, which accounts for 4% of world production of hydrocarbons, ventured to make a dramatic attack on BP, says Emily Godsen of The Telegraph (http://www.businessinsider.com/azerbaijan-threatens-bp-with-serious-measures-over-oil-revenue-shortfall-2012-10).

Worst of all, the political leader of Azerbaijan, who is considered a friend of the corporation, hit out in anger at the wrong time - it still "disentangles" the effects of the environmental disaster in the Gulf of Mexico, and the prospects for its Russian business are more than vague ... Negotiations with the U.S. government are overshadowed by the presence of persistent oil slicks glittering on the surface of the waves. The Russian management "pinches" the company even harder.

According to Peter Hutton, analyst for RBC Capital Markets, it would not be so bad if the angry words came from the mouth of another officer, but BP will survive the demonstrative attack. The more so as the country's leadership and the Chairman of the State Statistics Committee of Azerbaijan said that the country plans to cut its oil production in order to extend the period of production. The expert does not think the synchronicity of the hits by official Baku and Moscow is surprising. According to him, the CIS countries still act in hand. -0 -