BusinessCompany NewsBP accused of dealing secretly with Kremlin

BP accused of dealing secretly with Kremlin

BP's Russian partner is accusing BP of working secretly with the Kremlin to force the sale if its stake to Gazprom

Alfa-Access-Renova (AAR), the consortium representing BP’s Russian
billionaire co-owners in TNK-BP, is accusing the British oil giant for secretly
working with the Kremlin to force the sale of AAR’s stake to Gazprom.

AAR has threatened legal action if the remaining directors of
TNK-BP Holdings (TBH) take
decisions that are opposed by the Russian partners after four TBH directors
stood down yesterday, The Times reports.

BP’s senior management, accepts control of TNK-BP will pass to the Russian
state, leaving BP with a minority stake.

TNK-BP has been the victim of a sustained campaign of attacks in recent
weeks, including raids on its offices by tax and security agents, environmental
investigations and visa problems.

Further reading:

Oil exec charged with massive $1bn tax evasion

Read
The Times story

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