Russian regulators have held the much debated and criticized decision on BP license row for the Kovykta gas field in East Siberia. Licensing agency, Rosnedra, is looking into case whether TNK-BP’s operations should be stopped but seeks two weeks to decide, as case history is complex than it appears. Some analyst suggested that Moscow delayed the decision because of coming G8 Summit and the Russian Economic Forum, which is schedule in next week. Russian authorities claim that TNK-BP is not drilling enough oil that it was authorized for. BP said in its protest that market does not need additional oil supply and Russian regulators did not provide export license. Oil giant also alleged that regulators did not give any warning latter beforehand. But regulators denied all allegation and clear its stance that apprehension latter had sent to BP three month before. Russian regulators have already thwarts the Shell and Exxonmobile to expend in Russian oil base and give their shares to the state owned Gazprom. Russian authority has shown its interest to gain control of Russia’s energy supplies and makes Gazprom more competitive. Image: Scotsman Via: Turkishpress