May 22, 2007, 12:28PM
By ALEX NICHOLSON AP Business Writer
© 2007 The Associated Press
MOSCOW — BP PLC’s license to develop a giant Siberian gas field could be revoked in days, Russia’s environmental watchdog said Tuesday, as pressure mounted against one of the last major foreign-controlled energy projects in the country.
Losing its license to the Kovykta field would be a painful blow for BP PLC since the company has appeared conspicuously eager to court favor with the Kremlin, which has aggressively expanded state control over the world’s biggest oil and gas industry.