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Power politics

22 June 2007

But it is getting a fair price. Gazprom is buying out BP s share for upto $900m twice the book value of BP s investment. BP also has an option to buy back in. Reciprocity is the key word. It is one that will increasingly shape global oil relations. But it is getting a fair price. Gazprom is buying out BP s share for up to $900m twice the book value of BP s investment.

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