#22 - JRL 2008-124 - JRL Home
TNK-BP JV foreign staff forced to leave Russia - paper
MOSCOW, July 1 (RIA Novosti) - Foreign staff at the Russian-British oil
venture TNK-BP will be forced to leave Russia starting next week over visa and
work permits amid an ongoing shareholder dispute, a Russian business daily said
Tuesday.
Visas and work permits for 10 TNK-BP top managers are due to expire next week
forcing them to leave the country, Kommersant said citing a source close to the
oil company. The paper said others might follow if they fail to obtain
documentation by the end of July.
CEO Robert Dudley said the company has been trying to resolve the problem
since April.
"We have been given no grounds to believe these issues will be resolved
before senior international staff and their families will have to leave Russia.
Unfortunately, this now appears very likely," Dudley told Reuters via his
spokesman on Monday.
The ongoing row between four Russian billionaire shareholders in TNK-BP and
the British oil major, each owning 50% in Russia's third largest oil producer,
has been over strategy, with the Russian investors also demanding cuts in the
number of the company's foreign staff on secondment from BP.
The Russian shareholders have accused BP of preventing TNK-BP's expansion
abroad and demanded Dudley's resignation. The British giant has rejected all the
accusations and demands.
Kommersant said Dudley could also be forced to leave Russia paving the way
for the Russian partners taking control of the company.
Some analysts have suggested the TNK-BP dispute is over ownership. The ban on
selling stakes in the firm expired in 2008. State energy companies Gazprom and
Rosneft have been reported to be seeking a stake in TNK-BP.
The paper said citing sources close to TNK-BP shareholders that an
inter-government commission, comprising Russian migration officials and members
of a foreign workforce service, failed to set a quota for the oil venture's
foreign employees in late June over a "lack of agreement" inside the company.
The commission approved a tentative quota of 71 foreign specialists and will
set the final figure after TNK-BP provides "a consolidated opinion" on the
issue, Yevgeny Chernetsov, deputy head of the Moscow government's committee
engaged in the decision making, said as quoted by the paper.
German Khan, one of the Russian investors in the oil venture, requested in
April that the quota on foreign staff be reduced to 63. Dudley insisted on 150
employees.
The commission's next meeting will take place next week, Chernetsov said,
according to the daily.
Billionaire Viktor Vekselberg said last week a preliminary shareholder
agreement on a new TNK-BP strategy and management could be reached before July
11.
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