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TNK-BP Woes Might Send Dudley on Visa Run.
(From The Moscow Times)
The future of TNK-BP's daily operations was thrown into doubt on Tuesday as officials inside the embattled firm warned that CEO Robert Dudley was among the foreign staff that might soon be forced to leave the country.
"There are chances that all the expats will have to leave within July," said a source inside the company, which is 50-50 owned by BP and four Russian billionaires.
The move could give effective control of the company to the Russian shareholders, who have been calling for Dudley's removal, arguing that he has run the company in BP's interest.
In a statement late Tuesday, Stan Polovets, chief executive of the Russian shareholders' holding, called the uproar over the visa issue "dramatics." He said that, while the Russian shareholders agreed that foreigners had a place in the firm, he supported the position that Russian companies should consider Russian employees over foreign ones.
"There are enough talented and experienced engineers and managers in Russia," Polovets said. "Such an approach is in total sync with the position of the Russian government."
Late last year, Vladimir Putin said in a speech before leaving the presidency to become prime minister that firms should boost the number of Russians in management.
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