ASSESSMENTS

Russia: TNK-BP in the Doldrums

May 27, 2008 | 16:27 GMT

ODD ANDERSEN/AFP/Getty Images

Summary

The board of British-Russian oil firm TNK-BP has reached an impasse over the company's future strategy. The main sticking point being discussed publicly is whether TNK-BP should expand or remain a mainly Russian venture. However, the real issue is how TNK-BP's Russian owners can push British Chief Executive Robert Dudley out of the way so Gazprom can swallow the company up.

British-Russian venture TNK-BP has grown vulnerable to Gazprom's plans to swallow it up....

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