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LONDON (Thomson Financial) - BP has blocked a $1.8 billion dividend payment due to be paid from its Russian joint venture TNK-BP in an attempt to regain the advantage in a battle with its billionaire partners, according to the Sunday Telegraph.
LONDON - BP PLC blocked a US$1.8 billion dividend payment from its Russian joint venture in an effort to pressure its billionaire partners, a British newspaper reported Sunday.
20 July 2008 Abu Dhabi - Abu Dhabi Ship Building Abu Dhabi Ship Building PJSC and BVT Surface Fleet Ltd. of the UK, the maritime Joint Venture between BAE Systems BAE Systems and VT Group, today announced their intention to form a new joint venture company that will provide a complete range of support services to navies and security organizations in the GCC.
ISLAMABAD (July 21 2008): The Private Power Infrastructure Board (PPIB) has barred the Sindh government from entering into any joint venture with investors for a 1000 MW coal-fired power plant without prior consultation with the power purchaser, well-placed sources told Business Recorder.
An $11 billion joint plastics venture between Dow Chemical Co and a unit of Kuwait Petroleum Corp will be based in Michigan, the two companies said in a statement on Sunday.