Russia: TNK BP Finance Chief Resigns
|
|
|
|
Wednesday, 06 August 2008 |
|
The chief financial officer of British-Russian oil company TNK-BP
has resigned , saying he could no longer carry out his duties
because of a row between BP and its Russian partners, the company said.
James Owen's resignation letter "states that as the current
shareholder issues remain unresolved he feels it is difficult for him
to continue working independently, as his role demands," TNK-BP said in
a statement.
TNK-BP is Russia's third largest oil company and accounts for
around a quarter of BP's worldwide output. The firm has been riven for
months by a dispute between shareholders for control and mounting legal
troubles.
The battle for control of TNK-BP is being seen by foreign companies
and governments as a test of the investment climate in Russia's
lucrative energy industry under President Dmitry Medvedev.
TNK-BP's chief executive Robert Dudley, whom the Russian
shareholders want sacked, has said the dispute is tearing the company
apart. The British government has warned it is harming Russia's image.
PetrolWorld 040808
|
