Oil Company Exits Uzbekistan Following Criminal Probe | Business | RIA Novosti:
"International energy company Tethys Petroleum said Thursday that it is pulling out of Uzbekistan, only weeks after it was revealed that authorities in the Central Asian nation are investigating it for allegedly misappropriating crude oil.
The company, which is based in the British Crown dependency of Guernsey, said in a statement that the decision was made "due to recent changes in the business climate and political environment."
A source close to the investigation had told RIA Novosti last month that Uzbek authorities were accusing Tethys of stealing oil belonging to the state worth between $30 million and $40 million.
Tethys was the latest in a string of international investors to come under intimidating pressure from authorities in Uzbekistan."
'via Blog this'
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