Financial Times FT.com

Moscow to speed TNK-BP visa renewals

By Catherine Belton in Moscow and Ed Crooks in London

Published: July 2 2008 20:42 | Last updated: July 2 2008 23:52

Russian officials said they would speed the renewal of visas and work permits for some foreign managers at TNK-BP, in an unexpected boost for BP in its battle to retain its role in the Russian oil venture.

The turnround comes after diplomatic pressure and a media outcry over claims that BP’s Russian billionaire partners had orchestrated visa problems as part of an attempt to win control of the company – claims that are denied by the Russian shareholders.

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