Small Steps to Resolve Tnk-Bp Row

Daily Mail (August 02, 2008)

Author: Rupert Steiner

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Summary


A CLEAROUT of top management at BP's embattled Russian joint venture was a central plank of recent toplevel discussion aimed at bringing about a cessation of hostilities.

While BP has strongly resisted pressure from Russian partners AAR to replace Robert Dudley, the CEO of their jointly owned TNK-BP oil business, sources say Russian oligarch Mikhail Fridman pushed for Dudley's head at a meeting with BP chief executive Tony Hayward on Wednesday.

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Small Steps to Resolve Tnk-Bp Row

The meeting could be seen as...

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