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TNK-BP

BP withdraws remaining TNK-BP specialists

By Catherine Belton in Moscow

Published: July 22 2008 19:36 | Last updated: July 22 2008 19:51

BP is withdrawing all its remaining technical specialists from TNK-BP, its Russian joint venture as the UK-based oil group becomes increasingly frustrated with its local partners.

The pull-out of the 60 specialists is likely to hit TNK-BP’s future production when the Russian government has urged Russia’s oil industry to increase output in response to the first signs of a decline in a decade.

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