i was robert dudley c.e.o. of b.p. speaking with us dmitri medvedev spearhead of the russian delegation to davos and suppose exclusively spoke exclusively to bloomberg television on the sidelines of the meeting you can watch the full interview in just a few minutes after the headlines stay with us here on r.t. . we use special old french and accents recruitment. ready for. every game there. are true than those people were previously. what you saw. in a free flight.

well that was robert dudley the c.e.o. of b.p. and meanwhile on the sidelines at davos president medvedev who spearheaded the russian delegation spoke exclusively to bloomberg television you can watch the full interview in about ten minutes time here on r.t. . and now a quick look at some other international headlines right now about injured has collided head on with a good street in eastern germany killing at least ten and injuring dozens the accident happened late on saturday evening a section of track schedule for overnight engineering book called more than one hundred fifty foreign men in recent rescue workers were dispatched to the scene police say the rescue operation is ongoing and warned that the death toll may rise because of the crash is not yet known. the final results in a referendum in southern sudan's independence show that almost everyone who voted wants a split from the north more than ninety nine percent of those polled voted for independence however reports show voter turnout exceeded one hundred percent in sever

robert dudley c.e.o. of b.p. up next dimitri medvedev who spearheaded the russian delegation to davos spoke exclusively to bloomberg television on the sidelines of the meeting the full interview just coming your way in a little more than an hour here on our t.v. stay with us i'll be back with the headline. was the strangest attempt of a military takeover of. the u.s. president trying to overthrow the foreign country's government but his strategic games must. under merica recognized its defeat. questioning if cuba managed to cope with its victory all going to. be i leave you think you are you go but the rajab either live here the cuban missile crisis games and reality t.v. . the official ante up location. i pod touch from the. life on the go. see video on demand ati's mind broadcasts and r.s.s. feeds now in the palm of your. question on the t.v. dot com.

robert dudley the head of b.p. was talking to business a bushel and it seems in devil's shaping the future of the global economy is a costly affair the new york times has calculated just to get the invitation for the devils forum one has to cough up an annual membership membership fee of roughly fifty thousand dollars a ticket for the forum course nineteen thousand and to take part in the close sessions a person has to be an associate member of the form which means another fee of one hundred thirty seven thousand dollars it's no surprise that the devil's form is a money spinner generating one hundred eighty five million dollars a. speaking of spending money is look at the stock markets they're up in the united states after barack obama's state of the union address when he called for an overhaul of corporate taxes now the dow has finally reached the twelve thousand point mark first time since two thousand and eight games are limited however as u.s. new home sales in twenty ten came in the lowest in forty seven years

robert dudley there speaking and i was and it's a costly affair to shape the future of the global economy new york times is calculated just to get the invitation for the devils for one has to call for tonight your membership fee of fifty thousand dollars a ticket for the for those nineteen thousand and to take part in the close sessions of person has to be an associate member which is another one hundred thirty seven thousand dollars it's no surprise of the devil's form as a money spinner generating one hundred eighty five million dollars a year. look at the stock markets now they're up in the united states after barack obama's state of the union address when he called for an overhaul of corporate taxes the dow isn't just up a notch right now but it did reach the twelve thousand points mark for the first time since two thousand make gains limited however as u.s. new home sales in twenty ten came in lowest in forty seven years the record. european markets are higher carmakers shares were in focus in frankfurt after porsche reported higher sales it shares jumped wouldn't seven percent at th

robert dudley spoke to daniel boyd show and in the interview he said russia is a top priority for the company. i think it's a very good good deal for b.p. i think it's a good deal for us now i think it's a watershed deal in the international oil industry i think it's good for russia this cross holding between two companies who have aligned interests is is a very good thing i think it's a harbinger of things you know in the decades ahead between the international oil companies and national how important is the arctic to p.p.s. a new oil production strategy i think the arctic has great potential to look at the maps and russia i think is going to be something that's great for russia good for the companies involved and a course of b.p. were very very excited about a good new finds hope to maintain oil production at current levels if you look out to the year two thousand and thirty the growth in oil production will be fairly limited its value though will be high and the world will need forty percent more energy by twenty thirty it's going to be something the world needs how would you summa

chief robert dudley says he is very excited about the project which will make both companies much stronger i would look at this in terms of the share swap and say that both companies absolutely believe that both companies are undervalued today and what we have is a swapping of shares that creates an alignment of interest to increase the value of both and that is probably one of the best alignment mechanisms that i know about the swapping of sixteen billion dollars of value with one out of every twenty shares of b.p. helped by ross staffed and whatever ten shares of rostov held by b.p. this is a very aggressive start and i think it's very promising for us philip de leon an international trade consultant says the deal is when the winner for both sides giving b.p. the right to export massive untapped arctic oil deposits while russia gets technological know how. b.p. has invested so much in rush hour that they cannot step away the stage and russia still needs the expertise of western oil companies it's mutual interest and it's interesting because you know they have to sell a lot of has said af

in the gulf of mexico was also discussed and the company's chief executive robert dudley has said that b.p. has taken its lessons from that disaster and it will. much more attention when it comes to environmental safety management especially when it comes to the arctic shelf its unique environment b.p. has been working with the russian companies for two decades now and both sides have agreed to that has been. said that this latest project will be no exception. needs for technical expertise to access all in gas deposits in hard to reach shore areas like sequel can from says b.p. will be able to provide that know how while sharing in their resource bonanza. the importance is in. rosneft gaining access to shelf fields have not been developed so far and probably can't but develop without major international partner with years of experience offshore rush's show waters probably have plenty of potential to talk about billions of tons of all equivalent potentially but so far from the sea development limited to a few areas and. sold them led by a russian company. and a quick look at the stock m

robert dudley told artie's daniel bushell russia is a top priority for the company i think it's a very good good deal for b.p. i think it's a good deal for us now i think it's a watershed deal in the international oil industry i think it's good for russia this cross holding between two companies that have aligned interests is is a very good thing i think it's a harbinger of things you know in the decades ahead between the international oil companies and nationally we've learned a lot about our difficulties this past year we're going to take great care great responsibility of developing the arctic i think the arctic has great potential you look at the maps in russia i think it's going to be something that's great for russia but it companies and. b.p. we're very very excited about it we are deeply embedded in safety risk management into everything we do in the company we're going to meet our commitments we need to rebuild trust back in the company and then our strategy going forward to rebuild the value for shareholders in b.p. and the future prospects with ross not just part of that. as