Posted on 19/07/08
TNK-BP head Dudley gets extension to Russian visa
Robert Dudley, the head of the Russian oil venture being fought over by BP PLC and its billionaire partners, received permission to stay in the country for 10 days after his current visa expires tomorrow. Mr. Dudley was issued a transitional visa until July 29 to give him time to prove his work contract at TNK-BP is valid, a Federal Migration Service spokesperson said yesterday. BP's billionaire partners - Mikhail Fridman, German Khan, Len Blavatnik and Viktor Vekselberg - are trying to oust Mr. Dudley, accusing him of promoting BP's interests in the 50-50 venture and calling TNK-BP's stock price and profit unsatisfactory. BP (London) rose £1.25 to £5.21.
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