visitMikhail Fridman, the billionaire Russian businessman, will continue to lead BP PLC's Russian joint venture TNK-BP until 2011, according to a person familiar with the matter.He will then be succeeded by Maxim Barsky, a Russian oil executive, whose candidacy has been approved by both BP and the Russian shareholders in TNK-BP, a group of four billionaires.Mr. Barsky emerged months ago as the favored...
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LONDON:British oil major BP Plc reported a halving of third quarter profits, due tolower oil and gas prices, but bigger than expected cost cuts meant the resultsbeat forecasts by a big margin.BP said third quarter replacementcost net profit, which strips out unrealised gains or losses related to changesin the value of fuel inventories, was $4.98 billion.Excludingone-offs the result was $4.67 billion,...
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Children with chronic kidney disease (CKD) who show normal blood pressure (BP) at the doctor's clinic have high BP when tested at home, indicating many of them are not appropriately treated for hypertension, exposing them to risk of developing heart disease.Such children who have hypertension often develop an enlarged heart, yet many CKD children who have normal BP when taken in the doctor's office...
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Children with chronic kidney disease (CKD) who show normal blood pressure (BP) at the doctor's clinic have high BP when tested at home, indicating many of them are not appropriately treated for hypertension, exposing them to risk of developing heart disease.Such children who have hypertension often develop an enlarged heart, yet many CKD children who have normal BP when taken in the doctor's office...
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visitBAGHDAD -- A consortium made up of BP PLC and China National Petroleum Corp. finalized an agreement on Tuesday to develop southern Iraq's giant Rumaila oil field, after snapping up the contract in Iraq's historic oil-field auction over the summer.The deal is a coup for the British super major, which holds the biggest stake in the venture. But it also makes the Chinese oil company the dominant...
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visitLONDON -- In a widely-expected move, BP PLC's Russian joint venture TNK-BP Ltd. confirmed Thursday that it will appoint Maxim Barsky as its new Chief Executive.Mr. Barsky emerged months ago as the favored candidate to lead TNK-BP, one of Russia's largest oil producers and responsible for a quarter of BP's worldwide output. But both sides felt he was still too inexperienced. Mr. Barsky, the former...
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wreckage at the BP facility in Texas City, south of Houston, Texas, on March 24, 2005, after an explosion on March 23.New York: The U.S. government has raised grave questions over BP’s safety culture by imposing a record fine of $87.4 million on the British company for failing to fix hazards at its Texas City oil refinery in the wake of a disastrous explosion that killed 15 people four years ago.The...
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Lower oil prices have continued to hurt BP, with its third-quarter profits more than halving from a year ago.Its replacement cost profit between July and September was $4.98bn (£3bn), down from $10bn a year earlier.However, the results were ahead of analysts' forecasts after the company made bigger-than-expected cost cuts.Although oil prices have risen in recent months to about $80 a barrel, they are...
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British oil giant BP has been hit with a record US fine of 87.4 million dollars for safety violations at a Texas refinery where 15 people were killed in a 2005 explosion, officials said on Friday.It was the latest in a series of actions taken by the US government over trading abuses and safety and environmental violations for which BP has paid more than 573 million dollars in various fines and settlements.US...
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Fast moving consumer goods companies have posted yet another quarter of double-digit topline growth. However, the difference in this April to June quarter compared to the corresponding one in the previous year is that the growth is driven by volumes as against value (or price hikes) in the last financial year.The sector also benefited due to lower input costs, which saw the margins expanding. For instance,...
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