Financial Times FT.com

BP holding in Russia venture at risk

By Catherine Belton in Moscow and Ed Crooks in London

Published: July 15 2008 19:19 | Last updated: July 15 2008 19:19

BP’s holding in its TNK-BP joint venture looked to be under renewed threat on Tuesday after Russia’s migration authorities declared that Robert Dudley, the oil venture’s chief executive, may not be able to remain in Russia after his visa expires at the end of July.

Russia’s migration service said it would not be able to issue BP-backed Mr Dudley with a new visa unless he provided them with a copy of a new employment contract.

You have viewed your allowance of free articles. If you wish to view more, click the button below.

Read this