BP's troubles in Russia escalated Monday when its Russian partners in the TNK-BP joint venture voted to withhold dividend payments. That came the day before a London court case when the partners will seek to freeze a separate tie-up between the UK major and Russian oil giant Rosneft as well as the announcement of BP's fourthquarter earnings. The Russian oligarchs who own 50% of TNK-BP through their Alfa-Access-Renova (AAR) group decided at an extraordinary AAR board meeting not to approve a TNKBP dividend payout of some $1.8 billion for the fourth quarter of 2010, sources close to the joint venture said.
展开▼
