BP

BP Settles Russia Dispute

James Joyner | September 05, 2008

BP has signed a memeorandum of understanding to ends its dispute with Russia's TNK-BP.  The current boss, Robert Dudley, will step down and three independent directors will be appointed to the board.  Additionally, "BP said it had agreed to offer a Russian-speaking candidate for the post, with extensive Russian business experience," BBC reports.   The joint venture accounts for 25 percent of BP's profits.

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