Police raid BP offices in Russia

Russian police have raided the Moscow offices of the oil giant BP and its joint venture TNK-BP.

The searches have renewed fears that the Russian government wants greater control of foreign-owned energy assets.

There is market speculation that the Kremlin would like the state-owned gas firm Gazprom to buy the stakes of BP’s Russian partners in TNK-BP.

Last year, TNK-BP was forced to sell its stake in the Kovykta gas field at a discount price to Gazprom.