Sunday, August 1, 2010

Tony Hayward not resigning, but BP send him to Siberia

Following a meeting in London to decide his fate, Tony Hayward was expected to resign Monday. Instead, he’s being shuffled off to Russia, where he will direct BP’s role in TNK-BP, a joint venture considered one of BP’s plum projects . After cultivating a reckless culture that led to the oil spill within the Gulf of Mexico 2010 and then botching BP’s response, Hayward seems is wiggling off the hook. But before he flies to Moscow, some United States of America senators would like to ask him some personal questions about a BP-Libya oil deal they think influenced the release of a convicted terrorist.

Tony Hayward’s Siberian sojourn

Tony Hayward will step down as BPs CEO in October. The New York Daily News ran an Associated Press report that said Hayward will most likely be exchanged as BP’s CEO by Robert Dudley. After Hayward botched directing BP’s oil spill response, Dudley changed him. The board of BP’s Russian venture TNK-BP now has a seat for Hayward. Ironically, Dudley once headed TNK-BP and had to flee from Russia in 2008 after he ran afoul of authorities there.

Dudley’s TNK-BP tenure did not end well

If Tony Heyward’s new post leading BP’s partnership with Russian oil barons is indicative, his business nevertheless regards him highly, even if most Americans and United States of America politicians don’t. Accounting for 25 percent of its total production, the Washington Post reports the TNK-BP venture is one of BP’s crown jewels. But it is a problematic one, as proven by Robert Dudley, Hayward’s likely successor as BP CEO. Dudley was forced to leave Russia after a fight with Russian shareholders.

Did Hayward negotiate to release a terrorist in exchange for oil?

Tony Hayward may be stepping down, but that won’t stop Americas Senators Bob Menendez and Kirsten Gillibrand from trying to haul him before Congress. The New York Observer reports that they senators want to hear from Hayward at a July 29 hearing to the release of the Lockerbie bomber. For weeks, the senators have been pressuring U.K. officials to launch an investigation into whether the release of Lockerbie bomber Abdul Baset al-Megrahi is related to a BP-Libya oil deal. Menendez said he believed Hayward was in the middle of negotiations with the Libyans during the oil deal.

Find more details on this subject

nydailynews.com/

nytimes.com

observer.com



No comments: