BP is poised to resolve a bitter dispute at TNK-BP, its Russian joint venture, that has caused a political firestorm and threatened the British oil group's future in the region.
TNK-BP
BP Russia chief expected to go in new pact
BP’s Russian venture TNK-BP dents credit rating
As S&P cut BP's ratings, it boosted the credit status of its arch-rival Royal Dutch Shell, raising Shell's long-term credit rating to AA+ from AA.
Outline deal close on TNK-BP shake-up
At stake, at the very least, is the management structure of the company and who will fill the position of Bob Dudley, TNK-BP chief executive, who last month fled Russia...
BP may close deal with Russian co-owners “in weeks”
The crisis at TNK-BP, which produces a quarter of BP's worldwide oil output, hit the headlines after BP accused the Russian side of using 1990s-style corporate raider tactics to grab control of the venture.
Oil price surges again as Gustav sends Gulf workers packing
Speculation was also growing yesterday about progress on another "cold war" front - the long-running dispute between four Russian oligarchs and BP over the future structure and control of the TNK-BP joint venture in Russia.
Another TNK-BP Executive Leaves
MOSCOW -- BP PLC's Russian joint venture, TNK-BP Ltd., said the head of its downstream business had resigned, becoming the second senior manager to leave the troubled oil firm this month.
Senior TNK-BP official resigns
BP suffered a further blow to its influence over its Russian joint venture TNK-BP on Monday when one of its senior appointees resigned, joining the growing list of managers to leave the troubled oil producer.
Second TNK-BP executive resigns
Anthony Considine, the companys head of downstream business, responsible for its oil refining, trading and marketing businesses, is leaving after five years to pursue other opportunities as the battle for control of the business escalates.
TNK-BP chief slams ‘abuse of power’ in Russia
Although BP still backs Mr Dudley as chief executive of TNK-BP, it has admitted that he cannot continue in the job indefinitely if he is unable to return to Moscow.
TNK-BP’s chief accuses Russians of power abuse
Robert Dudley, the chief executive of TNK-BP who was forced into exile, has struck out against the Russian authorities in a public letter accusing them of abusing their powers.
TNK-BP boss Bob Dudley demands investigation into harassment by Russia
The row over TNK-BP, a government attack on the steelmaker Mechel, falling oil prices and the invasion of Georgia have driven the RTS index down from 2,303 on June 30 to 1,707 last night.
BP prepares itself for battles with Russian oligarchs
Analysts still feel the dispute is likely to be resolved by a Russian state-controlled company taking a majority stake in the company. Gazpromneft and Rosneft, both of which are controlled by the Kremlin, are thought to be potential buyers.
Court Deals Blow to TNK-BP Chief
BP has to accept the fact that it will lose control of the joint venture and probably sell it to another Russian company, such as OAO Gazprom, Mr. Gheit said.
Moscow court suspends TNK-BPs Dudley
A Moscow court suspended Robert Dudley as chief executive of TNK-BP for two years in a big blow to BPs involvement in Russias second largest oil company.
TNK-BP partners to meet as Bob Dudley is banned
News of the extraordinary meeting, to be held on September 25, emerged as BP was dealt a fresh blow in its attempt to maintain control of TNK-BP after a Moscow court banned Bob Dudley, the joint ventures chief executive, from working in Russia for two years.
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After corporate warfare, real war.