Following a meeting in London to determine his fate, Tony Hayward was expected to resign Monday. He’ll work for BP in Russia instead, managing his company’s role in TNK-BP, a joint venture considered one of BP’s best projects . Hayward may appear to be escaping culpability for leading a wreck less company that caused the oil spill within the Gulf of Mexico 2010, and then botching the oil spill response. But before he flies to Moscow, some U.S. senators would like to ask him some personal questions about a BP-Libya oil deal they think influenced the release of a convicted terrorist.
How ironic – Tony Hayward’s Russian sojourn
Tony Hayward will step down as BPs CEO in October. His likely replacement is Robert Dudley, according to the Associated Press. Dudley is the man who exchanged Hayward as BP’s director of the oil spill response. Hayward will now hold up BP’s end on the board on the Russian joint venture TNK-BP. Ironically, Dudley once headed TNK-BP and had to flee from Russia in 2008 after he ran afoul of authorities there.
Dudley and TNK-BP – not a happy ending
BP thinks more of Tony Heyward than most American’s and American politicians, if his new role swimming with Russian oil sharks is any indication. The Washington Post reports that analysts consider the TNK-BP venture one of BP’s crown jewels, accounting for a quarter of BP production. But Robert Dudley’s experience proves the post could be a headache. Dudley was forced to leave Russia after a fight with Russian shareholders.
Did Tony Hayward set a terrorist free?
Tony Hayward may be stepping down, but that won’t stop United States of America Senators Bob Menendez and Kirsten Gillibrand from trying to haul him before Congress. The New York Observer reports that they senators want to hear from Hayward at a July 29 hearing into the release of the Lockerbie bomber. The British government has been pressured for weeks by the two senators to start investigating whether a BP-Libya oil deal is related to the release of Lockerbie bomber Abdul Baset al-Megrahi. Menendez said he believed Hayward was within the middle of negotiations with the Libyans during the oil deal.
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