BP’s Joint Venture in Russia Is in Bankruptcy - DealBook Blog - NYTimes.com

BP’s Joint Venture in Russia Is in Bankruptcy - DealBook Blog - NYTimes.com: "“As the major shareholder and creditor of RUSIA Petroleum, TNK-BP is determined to recover its investments and minimize its financial losses,” the statement said. The field contains about two trillion cubic meters of natural gas — the equivalent of three years of the entire United States’ consumption. But only a tiny volume of 47 million cubic meters is produced today."