Embattled BP CEO Tony Hayward defied expectations and didn’t resign Monday. Instead, he’s being shuffled off to Russia, where he will direct BP’s role in TNK-BP, a joint venture considered one of BP’s plum projects . After running the careless company that started the oil spill within the Gulf of Mexico 2010, and then leading a bungling response to the disaster, Hayward may seem to be getting away. But before he flies to Moscow, some United States of America senators would like to ask him some personal questions about a BP-Libya oil deal they think influenced the release of a convicted terrorist.
Tony Hayward plays Russian musical chairs
In October Tony Hayward steps down as BP CEO. His likely replacement is Robert Dudley, as outlined by the Associated Press. After Hayward botched directing BP’s oil spill response, Dudley swapped out him. Hayward will now hold up BP’s end on the board on the Russian joint venture TNK-BP. In an ironic twist, Dudley led TNK-BP until he got on someone’s bad side and had to leave Russia in 2008.
Dudley’s TNK-BP run a lesson for Hayward?
If Tony Heyward’s new post leading BP’s partnership with Russian oil barons is indicative, his company still regards him highly, even if most Americans and United States of America politicians don’t. 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 it is a problematic one, as proven by Robert Dudley, Hayward’s likely successor as BP CEO. Russian shareholders forced Dudley to flee the country for the sake of the deal.
Did Tony Hayward make the BP-Libya oil deal?
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. Hayward may have had a role in negotiations with the Libyans during that deal, Menendez said.
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