April 14, 2011
LONDON ‚ÄĒ BP was facing angry protesters and disgruntled shareholders on Thursday at its first annual general meeting since a massive oil spill in the Gulf of Mexico.
The meeting in London is taking place almost a year since the explosion on the Deepwater Horizon rig killed 11 workers and caused millions of barrels of oil to spew into the sea.
Bob Dudley, the American who took over as chief executive in October, faces accusations that he engineered a deal to create a venture to explore for oil in the Arctic with Russian giants Rosneft in a bid to camouflage the worst disaster in BP’s history.
The Rosneft issue has been put off until next month after BP said Thursday that it and the Russian company had agreed to extend a deadline to complete a $16 billion share swap that is key to the deal.