TNK-BP
What seemed a cruel mismatch between a £100bn company and an obscure alliance of energy and telecoms interests has been resolved
TNK-BP
Resources
BP sees future with Russian partners
BP expects to remain partners with the Alfa-Access-Renova group of Russian tycoons for years in spite of the dispute over their TNK-BP joint venture, the oil company said
Strained relations thaw over TNK-BP
Tony Hayward, BP’s chief executive, described his fight with the Russian partners of TNK-BP as that of the ‘immovable object meeting the irresistible force’
Critical moment for top team
The TNK-BP deal marks a critical moment in the tenure of Tony Hayward, BP’s still-relatively new chief executive
Cast of stakeholders worth a fortune
Mikhail Fridman, Alfa Group chairman, is no stranger to corporate battles
Outline deal close on TNK-BP shake-up
The 50-50 structure of the partnership is expected to remain, though any longer-term solution is expected to take some time to agree
Related content and features
Comment and Analysis
BP pays price for staying in Russia
Oil companies often have little choice about investing in difficult countries. Many other investors can afford to look elsewhere
Russians aim to wrest control of BP venture
TNK-BP has the best performance record in the Russian oil industry on almost all measures on which serious investors focus, writes Lord Robertson
Russian roulette: How BP is falling out with its partners at TNK
Legal investigations and uncertainty over work permits for foreign executives at the British company’s joint venture will be a test for the Kremlin and could have serious implications for the oil group’s future
