Russian billionaires fall out with BP

A simmering row between BP and the billionaire local shareholders in the company’s Russian joint venture, TNK-BP, has burst into the open.

Yesterday BP and the Russian shareholders were forced to acknowledge differences over strategy, with the Russian billionaires who own 50% of the company arguing that TNK-BP, Russia’s third-largest oil producer, should be able to expand abroad even if that meant its coming into direct competition with BP itself.
Guardian