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nourishing obscurity (Free subscription) | 06/09/2008
Gazprom The NYT put it this way: With British Prime Minister Tony Blair and President Vladimir V. Putin looking on, BP and Russia's TNK formed a 50-50 joint venture in 2003. The ceremony may have been the company's high water mark. The only oil company with partial foreign control, TNK-BP may be excluded from developing new fields under national security rules. Asia Times adds: BP [had] 23% of its...
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Royal Dutch Shell plc .com (Free subscription) | 7 hours ago
She has kicked off with a populist yet idealistic campaign for cheaper fuel, funded by taxing the oil corporations: "Just three companies - BP, Centrica, and Shell - together made £1000 profit every second over the first 6 months of this year. These corporations are robbing from the poor to give to the rich and they know it. And it's about time they learned that in a progressive democracy, there is...
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ffranc sais (Free subscription) | 06/09/2008
Americans, ignore those whining environmentalists who are out to deny you your right to fly or drive across that great continent of yours any time you choose. Todd & Sarah Palin are working for BP to ensure that Alaska yields up every last drop of oil for you. We fought alongside you in Iraq (maybe we were a minor partner in terms of men and materiel, but we did give your campaign respectability)....
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Independent.ie - European RSS Feed (Free subscription) | 06/09/2008
BP and the Russian billionaires fighting for control of the TNK-BP joint venture have signed a deal designed to draw a line under their acrimonious conflict.
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Independent.ie - European RSS Feed (Free subscription) | 06/09/2008
1997-1999 -- BP pays nearly £500m (€619m) for a 10pc stake in Sidanco, a Siberian oil producer. Two years later, Tyumen Oil Co (TNK) seizes control of a lucrative Sidanco subsidiary in a controversial bankruptcy action vehemently opposed by BP. TNK denies charges of manipulating the bankruptcy process.
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DealBook (Free subscription) | 05/09/2008
In a deal that will allow BP to keep a crucial asset, but at a cost of ceding some control, the company came to an agreement with its Russian partners Thursday over its joint oil venture, ending months of acrimony and threats. In the end, The New York Times’ Andrew Kramer reported, BP agreed to dismiss [...]
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dot.life (Free subscription) | 05/09/2008
What is it about some technology companies that inspires enthusiasm, even love, amongst millions of consumers? People who would never dream of becoming fans of their bank ( Woooooo...let's hear it for Barclays !!!) or an oil company (I love you BP !!!), develop an emotional attachment to the products and personalities which emerge from firms like Apple , Nokia , Nintendo and, yes, even Microsoft ....
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Royal Dutch Shell plc .com (Free subscription) | 05/09/2008
BP, whose shares rose 4 per cent on news of the deal, appears to have bowed to many of the Russian shareholders’ demands by agreeing that Robert Dudley, the chief executive of the joint venture, would leave by the end of the year.
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Washington Post (Free subscription) | 05/09/2008
MOSCOW, Sept. 4 -- The British energy giant BP and its billionaire partners in Russia's third-largest oil company said Thursday that they had resolved an ugly, high-profile battle for corporate control that had become a test of Moscow's openness to foreign investment.
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kansascity.com (Free subscription) | 05/09/2008
BP, the British energy company, agreed Thursday to replace the head of its Russian joint venture and surrender some control on the board to resolve a dispute with its billionaire Russian partners and hold on to its most important source of new oil reserves.
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Washington Post (Free subscription) | 05/09/2008
MOSCOW, Sept. 4 -- The British energy giant BP and its billionaire partners in Russia's third-largest oil company said Thursday that they had resolved an ugly, high-profile battle for corporate control that had become a test of Moscow's openness to foreign investment.
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Scotsman.com (Free subscription) | 05/09/2008
OIL giant BP hammered out a deal with the oligarch co-owners of its Russian joint venture yesterday, ending many months of bitter wrangling and paving the way for a partial in
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The Telegraph (Free subscription) | 05/09/2008
Removal of chief executive clears path for TNK-BP oil joint venture. BP chief executive Tony Hayward expects the wave of legal and regulatory action against the company's operations in Russia to cease following a preliminary deal to resolve a fierce dispute with shareholders at its oil joint venture TNK-BP.
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Times Online (Free subscription) | 05/09/2008
The storm has passed, the dark clouds have lifted. BP's bosses join hands with the oligarchs and dance through sun-dappled Siberian meadows. Listening to BP today, you might be forgiven for wondering whether the past six months of turmoil at TNK-BP - allegations of industrial espionage, bureaucratic harassment, visa denials - ever happened.
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Times Online (Free subscription) | 05/09/2008
TNK-BP is to be transformed into an independent oil major with international operations and bigger downstream interests under a deal between BP and its Russian partners.
