BP's latest deal in Russia will not change the oil company's directions or affect its interests with the United States, BP's CEO said on Wednesday.
BP agreed with Rosneft January 14 on a $16 billion cross-shareholding with Rosneft as part of a global strategic alliance with the Russian state oil giant.
BP CEO Robert Dudley said he did not expect serious problems with the United States.
"I think most people recognize that a 5% shareholding will not change our direction," he said.
"Our commitment to the U.S. is as strong as ever."
The companies have agreed to develop three blocks in Russia's Arctic Ocean, known as East Prinovozemelsk-1, 2 and 3. Overall reserves are estimated at five billion metric tons of oil and 10 trillion cubic meters of natural gas.
LONDON, January 19 (RIA Novosti)
