"Russia is particularly important for BP," Svanberg wrote in the report. "This region still has excellent potential for BP and we remain committed to it."
When a shareholder questioned the Russian investment at BP's annual general meeting in April, BP CEO Bob Dudley said that the thwarted Rosneft deal had created "a lot of noise." But he contended that the Russian links were good business and urged shareholders to "look through the noise and look at the numbers.
Barr reported from London.
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