BP’s Russian partners in TNK-BP intensified a battle with the UK energy group on Wednesday, saying they wanted to pull their Russian directors from the board of the oil joint venture’s main subsidiary, complicating a crucial shareholder meeting the night before it was due to take place.

Stan Polovets, chief executive of the Alfa-Access Renova (AAR) consortium, said the Russian directors had informed Robert Dudley, TNK-BP’s chief executive, that they would not seek re-election to the board of TNK-BP Holding, the core subsidiary at the centre of the escalating row between BP and AAR, at its annual meeting on Thursday. ... Read full article