Financial Times FT.com

Police raid BP’s Russian venture

By Catherine Belton and Isabel Gorst in Moscow

Published: March 19 2008 20:40 | Last updated: March 20 2008 07:32

Police investigators on Wednesday searched the Moscow offices of TNK-BP, BP’s 50 per cent-owned Russian joint venture, as part of a criminal probe, in what industry experts saw as a possible increase of state pressure on the company.

Russia’s interior ministry said police were seizing documents in relation to a criminal investigation into the Sidanco oil firm, a predecessor company that now forms part of TNK-BP.

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