TNK-BP chief executive Mikhail Fridman to resign

BP logo TNK-BP accounts for a quarter of BP's output

Related Stories

The boss of TNK-BP, the Russian oil group half owned by the UK's BP, is to resign.

BP said Mikhail Fridman, TNK-BP's chief executive, would be stepping down in 30 days "for personal reasons".

TNP-BP is a joint venture between BP and Alfa-Access-Renova (AAR), a group of Russian billionaires that includes Mr Fridman.

Some commentators have suggested that the news marks a further deterioration in the relationship between BP and AAR.

Last year, BP had to abandon plans to form another joint venture with rival Russian oil firm Rosneft after AAR launched a legal challenge.

BP said Mr Fridman's departure would have no impact on TNK-BP because his role had "largely been ceremonial".

More on This Story

Related Stories

The BBC is not responsible for the content of external Internet sites

More Business stories



  • photo of patient zero, two year-old Emile OuamounoPatient zero

    Tracking first Ebola victim and and how virus spread

  • A young Chinese girl looks at an image of BarbieBarbie's battle

    Can the doll make it in China at the second attempt?

  • Prosperi in the 1994 MdSLost in the desert

    How I drank urine and bat blood to survive in the Sahara

  • Afghan interpetersBlacklisted

    The Afghan interpreters left by the US to the mercy of the Taliban

  • Flooded homesNo respite

    Many hit by last winter's floods are struggling to pay soaring insurance bills

BBC © 2014 The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.