British Petroleum (BP) originated from the Anglo-Persian Oil Company (APOC) in the early 1900s. Over the years, it has had a long history of working with the Russians that includes its investment in Sidanco and management control. TNK (Tyumenskaya Neftyanaya Kompaniya Tyumen Oil Company), controlled by Alpha Access/Renova, had a series of disputes over Chernogorneft with Sidanco. While Sidanco gained control over Chernogorneft, TNK had a lot of stakes in Sidanco. As a result of the working relationship, both the Russian government and BP exercised good opportunity to work together. However, BP had an insight into the challenges that lies ahead of ...
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