Russian authorities told TNK-BP in Moscow that its foreign workers won't have their work visas renewed, company sources said. If the issue is unresolved and TNK-BP's foreign workers are mandated to leave the country -- including Chief Executive Officer Robert Dudley -- BP, formerly British Petroleum, may need to forfeit control of its profitable venture, The New York Times reported Tuesday. Jointly owned by four Russian billionaires and BP, TNK-BP began in 2003 and earned $24.9 billion in revenue and a net profit of $5.7 billion in 2007, the Times reported. We have been given no grounds to believe these issues will be resolved before senior international staff and their families will have to leave Russia, Dudley said in a statement. Publication date: 01...
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