(DOWNLOAD) "BP in Russia: Settling the Joint Venture Dispute" by Gevork Papiryan # Book PDF Kindle ePub Free

eBook details

Title: BP in Russia: Settling the Joint Venture Dispute
Author : Gevork Papiryan
Release Date : January 15, 2008
Genre: Business & Personal Finance,Books,Management & Leadership,Economics,
Pages : * pages
Size : 2360 KB

Description

In September 2003, British Petroleum (BP) formed a 50/50 international joint venture (JV) company, TNK-BP, with a group of Russian investors: Alfa Group, Access Industries and Renova (AAR). This JV was established as a result of the merger of Russian oil companies TNK and Sidanko, owned by AAR, with the majority of BP's Russian oil assets. On May 26, 2008, TNK-BP's chief executive officer, Robert Dudley, told Vedomosti, Russia's leading business daily, about a conflict between British and Russian shareholders. During this dispute, AAR declared that BP treated TNK-BP as its subsidiary and not as a JV. Also, the Russian shareholders criticized the JV's leadership of the company's expansion strategy and climate. As the conflict escalated, BP's leadership needed to decide whether to walk away or continue its participation in the JV.