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MOSCOW (AP) - Regulators postponed a decision Friday on revoking the license of BP PLC's Russian joint venture for a giant gas field, days before President Vladimir Putin heads into a Group of Eight summit amid grumbles about the Kremlin using energy as a political weapon.
Before the meeting that could have seen the license for the Kovykta field pulled, the deputy head of Russia's environmental watchdog, Oleg Mitvol, said BP was likely to lose authorization to develop the 2.1 trillion cubic meter field.
But Alexander Shadrin, a spokesman for TNK-BP, the company's Russian joint venture, said the decision had been postponed for two weeks.
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