Robin Pagnamenta, Energy and Environment Editor
Over 900 restaurants nationwide. Find your nearest now
Gordon Brown is poised to intervene in the battle over TNK-BP next week by appealing directly to President Medvedev for help in defusing the row.
The Prime Minister is scheduled to meet the new Russian leader for the first time on Monday at the G8 summit in Hokkaido, Japan. The leaders are expected to hold brief bilateral talks on the sidelines of the summit and TNK-BP is one of several issues likely to come up, sources said.
The meeting comes after the dispute over control of TNK-BP escalated further yesterday when it emerged that Robert Dudley, chief executive of the venture, could be forced to leave Russia within weeks over a row about visas.
Two expatriate workers were forced to leave yesterday for the same reason, according to a BP spokesman.
Top foreign executives at TNK-BP, including James Owen, chief finance officer, and Timothy Summers, chief operating officer, were also under threat after a steep cut in the number of foreign specialists allowed to work for TNK-BP. Nearly 100 staff have been affected by the visa row.
Mr Dudley said: “We have been given no ground to believe this issue will be resolved before senior international staff and their families will have to leave Russia.” He predicted that they would have to leave this month.
The forced departure of Mr Dudley and his colleagues, which would leave operational control in the hands of TNK-BP's 50 per cent Russian co-investors, represents the latest salvo in a sustained attack on BP in Russia. TNK-BP has been the subject of raids by security agents and last month
Mr Dudley was hauled in front of prosecutors in Moscow for five hours of questioning.
A Downing Street spokesman declined to comment on the detail of the talks. A spokesman for the British Embassy in Moscow said that the leaders would have a wide-ranging talk, including on what he described as British investments in Russia.
TNK-BP is the largest British investment in Russia and one of the largest of all foreign investments in the country.
BP also declined to comment, but sources close to the oil group expected TNK-BP to be discussed.
BP has close ties to the Brown administration. TNK-BP's deputy chairman is Lord Robertson of Port Ellen, the former Defence Secretary and Nato Secretary-General who also served as chairman of the Scottish Labour Party.
Peter Mandelson, the European Trade Commissioner, and Benita Ferrero-Waldner, the External Relations Commissioner, have put pressure on the Russian Government in an attempt to settle the dispute. Mr Mandelson accused the company's Russian shareholders of “menacing behaviour”.
TNK-BP was created in 2003 when BP struck a partnership deal with four Russian billionaires - Viktor Vekselberg, Mikhail Fridman, German Khan and Len Blavatnik. That partnership has since broken down.
Good relations between Moscow and London established after Vladimir Putin came to power in 2000 deteriorated after Russia accused Britain of hosting enemies of the Kremlin.
The murder of Alexander Litvinenko prompted tit-for-tat diplomatic expulsions. Nevertheless, Britain was the biggest foreign investor in Russia last year.
The moment your toes touch the sand and your gaze meets water, you know you’re in the Bahamas.
Risk, resilience and embracing new technology
Industry sectors news at a glance. Interactive heatmap, video and podcast
The inside track on current trends in the charity, not for profit and social enterprise sectors
Everything the Business Traveller needs to know to make a better trip
Shortcuts to help you find sections and articles
05/2005
£13,500
08/2008
£109,950
2005 / 55
£59,500
Great car insurance deals online
Circa £60,000
The Army Benevolent Fund
London
£28k+ Basic + Commission
Drummond Selection
London
12-15 days a year, c £12K
Springboard
London
£Competitive
American Airlines
Heathrow, London
Great Investment, River Views
One and Two Bed Apartments
Wandsworth Town
Times Online Property Search will help you Find It
like nothing on Earth!
.
Must end 28 Feb 2009!
Save up to 25%
Amazing Far East Offers
Visit Malaysia from £755pp
Great travel insurance deals online
.
Contact our advertising team for advertising and sponsorship in Times Online, The Times and The Sunday Times, or place your advertisement.
Times Online Services: Dating | Jobs | Property Search | Used Cars | Holidays | Births, Marriages, Deaths | Subscriptions
News International associated websites: Globrix Property Search | Property Finder | Milkround
Copyright 2008 Times Newspapers Ltd.
This service is provided on Times Newspapers' standard Terms and Conditions. Please read our Privacy Policy.To inquire about a licence to reproduce material from Times Online, The Times or The Sunday Times, click here.This website is published by a member of the News International Group. News International Limited, 1 Virginia St, London E98 1XY, is the holding company for the News International group and is registered in England No 81701. VAT number GB 243 8054 69.
John,
Spot on; there are two other issues as well involved in this - which HMG fails to see are related to this BP-TNK row: boot the NGOs out of Russia, and allow Russian investment into UK. (ie Gazprom allowed to buy BG.)
Also a mistake for Shell & BP mgmt to suggest they wld team up to fight RF.
Tim, london,
It's obvious isn't it?
The Russians want their criminals back.
If they don'y get them soon, BP is dead in the water.
Human rights are a luxury.
john, woodbridge,