#20 - JRL 2008-134 - JRL Home
TNK-BP chief's visa extended until July 29
"MOSCOW, July 18 (RIA Novosti) - Russia's migration authorities have extended
the visa of Robert Dudley, the CEO of Russian-British joint oil venture TNK-BP,
until July 29, a Federal Migration Service (FMS) spokesman said on Friday.
Dudley's current visa expires on July 19. The BP-appointed American executive
of TNK-BP, Russia's third largest oil producer, has been at the center of a
dispute between its British and Russian shareholders over strategy, management,
and control of the company. The Russians have demanded Dudley's dismissal,
saying he has acted only in the interests of BP.
"His application has been approved. Robert Dudley's visa has been extended
for 10 days until July 29," the spokesman said, declining to comment further on
the decision.
The FMS demanded on Wednesday a copy of Dudley's new contract with TNK-BP
before issuing him a new visa. The migration authorities said his labor contract
had expired, and that a new visa could not be issued without a valid contract.
BP reacted by saying that Russia had no grounds to deny Dudley a visa.
"Mr. Dudley has a legally valid employment contract and a work permit in
place. His positions as CEO of TNK-BP and Chairman of the Management Board of
TNK-BP Management remain in force," the company said on its website.
However, a key Russian shareholder and chairman of the board of directors of
TNK-BP Management confirmed in a letter to the FMS chief published on Thursday
that Dudley's contract expired on January 1, 2008 and had not been extended
since.
"The Board of Directors of TNK-BP Management has not elected or considered
electing a management board chairman, or signed a labor contract with him in the
specified period," Viktor Vekselberg said.
Speaking at a news briefing in Moscow on Thursday, Dudley said he would not
give in to Russian shareholders' demands to resign, as he feels responsible for
the company and wants to ensure it survives the current dispute, while retaining
its potential for growth.
TNK-BP, in which the British oil major and a holding owned by four Russian
tycoons control 50% each, has been hit by tax and labor checks recently, raising
concerns that the company's foreign staff could be forced to leave Russia. In
early July, however, migration authorities said they would issue most requested
work permits for foreign staffers.
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