BP CEO Defends Rosneft Deal

12:40 AM ET Mon, 17 Jan 2011

Just months after being on the brink of bankruptcy, BP has announced it will swap a $7.8 billion stake in the company for a 9.5% share of Russian state oil producer Rosneft. Bob Dudley, CEO of BP discusses the implications of the deal with CNBC's Maithreyi Seetharaman.