Russian Oil Joint Venture - TNK-BP

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The BP joint venture in Russia has a high degree of political and economic risk associated with their 50% JV partner TNK. A number of Russian Oligarchs have an interest in the company and their participation creates conflicts of increase under the current Russian political system. This added risk potentially hurts BP's estimation of future profits and could lead to additional problems for BP in Russia. … "Russian Oil Joint Venture - TNK-BP" will have a long-term negative impact on this entity, which subtracts from the entity's value. This statements will have a short-term negative impact on this entity, which subtracts from its value. This qualitative factor will lead to an increase in costs. This statement will lead to a decrease in profits.