IN SIGNING A DEAL with Reliance CEO Mukesh Ambani of India, BP completes its full house of major deals in each of the fastest growing emerging markets of Brazil, Russia, India and China. Ambani’s company controls offshore exploration licenses for India’s most promising blocks but is perhaps better known for his extravagant lifestyle and ownership of IPL team, the Mumbai Indians. After BP’s recent shredding in the Russian political machine it looks like it will have to adapt quickly to a different style of doing business. - 23/2/2011
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