TNK-BP (A): Russian Oil and Foreign Interests Harvard Case Solution & Analysis

TNK-BP (A): Russian Oil and Foreign Interests Case Solution

On February 11, 2003, British Petroleum (BP) and a consortium of Russian financiers, called Alfa/Access/Renova (AAR), initially revealed their objective to produce a tactical collaboration to collectively hold their oil and gas properties in Russia and Ukraine. The business arising from this 50/50 collaboration would be called TNK-BP. When the offer closed in late August, TNK-BP turned into one of the leading 10 personal oil and gas business worldwide. In its very first 5 years, TNK-BP provided the greatest overall return amongst significant Russian oil business, spending over $20 billion in dividends, inning accordance with BP. Yet, in 2008, even as TNK-BP remained in the middle of exactly what management referred to as its finest year ever in regards to outcomes, it discovered itself involved in a dispute so intricate that it threatened the really presence of the business. AAR had actually released a complex and hostile project of investor advocacy versus BP, which some onlookers viewed as the Kremlin attempting to reassert federal government control over the profitable oil and gas market. The level to which these 2 forces were operating in cooperation stayed uncertain. However the dispute, which had actually been growing progressively considering that March 2008, reached brand-new heights when TNK-BP CEO Robert Dudley had his work visa withdrawed and left the nation on July 24. As these occasions unfolded, all eyes performed Russia, with domestic and worldwide observers questioning how the dispute would eventually be dealt with and exactly what impact it would wear Russia's role in the worldwide economy. More particularly, BP's president, Tony Hayward, was being carefully viewed as he looked for to identify BP's next relocation.

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