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TNK-BP, Russia's third-largest oil company, said Tuesday its third quarter net profit rose 34 percent compared with the previous three months due to higher crude prices and gains on the sale of a unit.
Anglo-Russian oil joint venture TNK-BP elected a completely new board at an extraordinary shareholders' meeting Monday, bringing to a close one of the most bitter corporate disputes in Russia this year.
Anglo-Russian oil major TNK-BP said Thursday it will slash investment by $1.1 billion next year as plunging oil prices force big producers to review their spending plans.
Russian oil company TNK-BP will halt investment in new refining projects and focus on maintaining current production levels, the state-run news agency RIA-Novosti cited a top company official as saying Thursday.
BP PLC and its billionaire Russian partners in the joint venture TNK-BP have agreed on a deal that forces out its embattled CEO and signals an end to a bitter struggle for control of the Russian-British company, officials said Thursday.
A senior executive has stepped down from embattled Anglo-Russian oil firm TNK-BP due to the debilitating shareholder conflict over control and strategy.
The American boss of Anglo-American oil venture TNK-BP won't have to appear for questioning Monday, after Moscow city prosecutors overturned a decision to summon Chief Executive Robert Dudley for inquiries about alleged labor law violations.
TNK-BP CEO Robert Dudley's ability to remain in Russia appeared in doubt Wednesday after migration authorities demanded a copy of a new contract before giving him a new visa.
A joint venture between British giant BP PLC and a group of Russian tycoons known as TNK was billed as groundbreaking for Russia's oil and gas industry.
TNK-BP director resigns from postThe announcement comes a month after the chief executive of TNK-BP, Robert Dudley, left Russia in the face of what he said was "sustained harassment". The American Robert Dudley was booted out of Russia, and banned from entry for two years.
BP sells Siberia stake to Gazprom (for 'a fraction of what TNK-BP of its worth. BP's Russian joint venture TNK-BP has agreed to sell Gazprom its majority interests in the giant Kovykta field for between $700m-$900m (£350m-£450m). Analysts said this is a fraction of what TNK-BP's stake is worth, and that it is the latest example of the Kremlin forc …
Are Cheney's Iran Dreams Shattered?Just because there's a will doesn't mean there's a way.
BP chairman hits out at Russian 'raiders'BP on Thursday accused its Russian partners in TNK-BP of 1990s-style "corporate raiding" and said they were trying to seize control of its Russian oil joint venture.
Russian billionaires fall out with BPA simmering row between BP and the billionaire local shareholders in the company's Russian joint venture, TNK-BP, has burst into the open.
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