Financial Times FT.com

Russia tightens grip on BP gas venture

By Catherine Belton in Moscow and Ed Crooks in London

Published: February 9 2007 19:26 | Last updated: February 9 2007 19:26

TNK-BP, the Russian joint venture that is 50 per cent owned by BP, has been told it is in violation of its agreement to develop Kovykta, its vast east Siberian gasfield.

The move is the latest sign of Russia’s tightening grip on its energy resources.

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