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tdp2664 E money daily BP plc (NYSE:BP) has decided to close one of its joint ventures with Russian outfit OAO Rosneft. BP plc (NYSE:BP) To Close Russia Deal The major US oil and gas company BP plc (NYSE:BP) announced that it has plans to end the Sakhalin joint venture with the Russian state-owned oil company OAO Rosneft. The company has been working with Rosneft for the past 13 years. The company said it would work with its partner to find the best way to exit from the joint venture. BP plc (NYSE:BP) said in a statement, "There are many reasons for this decision, including the challenging economics of the discovered resource in the KV [Kaigansky-Vasuykansky] block". BP plc (NYSE:BP) stocks are currently standing at 42.74. Price History Last Price: 42.74 52 Week Low / High: 33.62 / 49.5 50 Day Moving Average: 42.68 6 Month Price Change %: -4.2% 12 Month Price Change %: -2.6%
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