The Oil Lord Strikes Again.

Focuses on BP PLC Chief Executive John Browne and the $8.1 billion deal with Russian oil producer TNK, an energy company created after the collapse of the Soviet Union. Discussion of secret negotiations that led to the BP purchase of a major equity stake in an integrated Russian oil producer; Number of barrels pumped by the venture, TNK-BP, from crude oil fields in Siberia; Future prospects of TNK-BP as an exporter; Background on other major acquisitions by Browne; Mention of other negotiations in Russia such as Exxon with YukosSibneft Oil Co.; The lure of Russia's oil and gas reserves; Growth in Russia's oil production; Risks involved with starting ventures in Russia; Efforts to transform TNK-BP into a company valued by international standards; Problems at the oil fields and in corporate management for TNK-BP.