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bp is facing another crisis after the oligarch who led its russian joint venture quit and insiders warned that the billion-pound tie-up was heading for failure .
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the ceo of bp's russian subsidiary tnk-bp mikhail fridman resigned from his post on monday t the resignation has been taken as a sign of continuing corporate governance issues in the russian joined venture between bp and its local partners t more significantly , the tiff also comes a at a time when the russian government is looking to open its vast arctic reserves to private players based in the country such as tnk-bp .
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the chief executive of tnk-bp , mikhail fridman , resigned suddenly over the weekend , raising the spectre of a renewed fight for control of the russian joil giant between 50/50 partners bp and aar , a consortium of oligarchs led by fridman , victor vekselberg and german khan.
the ceo of bp's russian subsidiary tnk-bp mikhail fridman resigned from his post on monday t the resignation has been taken as a sign of continuing corporate governance issues in the russian joined venture between bp and its local partners t more significantly , the tiff also comes a at a time when the russian government is looking to open its vast arctic reserves to private players based in the country such as tnk-bp .
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the chief executive of tnk-bp , mikhail fridman , resigned suddenly over the weekend , raising the spectre of a renewed fight for control of the russian joil giant between 50/50 partners bp and aar , a consortium of oligarchs led by fridman , victor vekselberg and german khan.
the british oil company said it had been approached by potential buyers for the venture , which has provided steady income but also been a source of conflict with its russian partners .
relations between bp and its russian partners in tnk-bp have hit a renew low after the resignation of mikhail fridman , which has chief executive of the joint venture .
bp is facing another crisis after the oligarch who led its russian joint venture quit and insiders warned that the billion-pound tie-up was heading for failure .
bp signalled the end of its nine-year joint venture in russia today after confirming it would pursue the sale of the 50% shareholding .
Generated 2012-6-2_7:19
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