The chief executive of BP issued a veiled warning to the Kremlin yesterday that Russia was putting its economic reputation at risk in the increasingly bitter struggle over the future of TNK-BP.
Moscow
Tony Hayward lets Kremlin know that its reputation is at risk over bitter TNK-BP struggle
Russian Police Summon Chief of British-Russian Energy Venture in Tax Probe
...energy analysts compared the BP situation to Gazprom's forced 2006 takeover of the giant Sakhalin-two project in Russia's Far East. A Western consortium led by Royal Dutch Shell agreed to sell its controlling interest in the Sakhalin project, after Russian threats of huge lawsuits against the consortium for alleged environmental infractions.
Russia’s TNK-BP says no impact from shareholder row
Mon Jun 2, 2008 1:55pm EDT MOSCOW, June 2 (Reuters) - Russian oil company TNK-BP said on Monday a row between its shareholders had not affected its operations which it said remained aligned with annual forecasts.
TNK-BP board member quits over shareholders’ row
Mounting state pressure on the firm, including the arrest of an employee on an industrial espionage charge, a raid on its Moscow offices and a court injunction to stop it using BP specialists, are signs the time to sell is approaching, analysts say.
Russian agents raid BP office in Moscow
Royal Dutch Shells plan to award three executives was yesterday rejected by investors at its annual meeting. One-third of Shell shareholders who voted opposed the bonus scheme. When added to those who withheld their votes, 49.5 per cent of voting shareholders did not support the bonuses.
BP’s Russian office raided by top security agency
MOSCOW -BP, Europe's second-largest oil company, said Russian security agents raided its Moscow offices in search of unspecified documents Tuesday.
BP Staff Locked Out As Visa Trouble Ends
A court order banning BP employees from working for its Russian unit, TNK-BP, came at a time when some of them were ready to come back to their jobs after a suspension, a BP spokesman said Wednesday.
Thaw in relations between BP and Russia?
Finally Moscow announced it was sending its environmental chief to probe the biggest field operated by BP in Russia. No-one at BP was unaware that Oleg Mitvol's steely handling of international oil giant Royal Dutch Shell on Sakhalin Island two years ago had effectively forced them to sell up to Russian firm Gazprom