Outline the challenges of conducting business in Russia’s oil industry. Why is it strategically important for BP to secure a position in this market?
Who are the prominent stakeholders in this situation, and what important motivational factors underlie their behavior?
Review the terms, nature, and timing of BP’s strategic alliances in Russia. What are the benefits and costs of the arrangement for each party?
Assess BP’s management of its investments and strategic alliances in Russia. Why is the TNK-BP partnership experiencing so much internal conflict? What can BP do to salvage the situation in Russia? Do you agree with BP’s decision to block a TNK-BP cooperative arrangement with Rosneft?