BP chief to join Cameron on Russia visit
Updated: 2011-09-06 22:35
(Agencies)
LONDON - BP chief executive Bob Dudley is to travel to Moscow next week as part of a trade mission led by Britain's prime minister, David Cameron, as the oil giant battles headwinds in Russia, a source close to the matter said on Tuesday.
BP is Britain's biggest investor in Russia, owning half of TNK-BP, the country's third-largest oil producer, and other investments.
The invitation to accompany Cameron was based on this position, the source said, adding BP's spat with its partners in TNK-BP, who have alleged billions of losses due to BP's failed plan to establish a parallel joint venture, with state-controlled Rosneft, was not on the agenda.
Last week, black-clad special forces raided BP's Moscow offices and searched for documents related to the failed Rosneft deal.
BP declined to comment.
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