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Kill The Enemy 1000, Lose 800, Punish Russia, British Oil Loss Of About 25 Billion US Dollars

2022/3/3 11:18:00 0

Petroleum

The conflict between Russia and Ukraine is not over, and the impact is still expanding. According to foreign media reports, recently, forced by the British government's request, BP will withdraw from its 30-year cooperation with Rosneft and sell its 19.75% stake in Rosneft Russian oil producer. However, since all countries are "punishing" Russia, there may be no buyer for the public sale of Rosneft shares.

It is said that BP may sell its shares back to Rosneft. If you really have to sell it but there is no buyer, selling it back to Rosneft is a feasible way. However, BP has said that if Rosneft shares are sold, the company will lose about 25 billion US dollars, equivalent to 157.8 billion yuan.

Although BP has tried to maintain cooperation with Russia, official pressure forced it to withdraw capital and terminate cooperation even if the losses were heavy.

Coincidentally, in addition to BP, Norwegian oil company equinor also announced the withdrawal of all investment worth about $1.2 billion in Russia. After that, on February 28, shell, the world's largest oil company, also said it would terminate its projects and cooperation in Russia, with a total loss of $3 billion.

The withdrawal from Russia will bring huge losses to European energy companies, but some people may not know that energy companies are also struggling in the conflict. Some people in the UK hope to levy windfall profits tax on some energy companies to help British families cope with soaring oil and gas prices, but they have been rejected by the British authorities.

Western countries "severely punish" Russia can be said to kill the enemy 1000, lose 800, and eventually may be both. In the environment of global economic integration, the behavior that hinders the integration of the world economy may also bring certain losses to itself. Therefore, we hope that all countries in the world can cooperate more and fight less for mutual benefit and win-win results.

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