19.10.2012 • NewsTNK-BPRussiafraud

TNK-BP Manager Arrested on Suspicion of Fraud in Russia

A government relations manager at Anglo-Russian oil firm TNK-BP has been arrested on suspicion of fraud, the Russian Interior Ministry and the company said on Friday.

The arrest of Igor Korneyev, who TNK-BP said had worked at the company for three months, comes after state-controlled oil major Rosneft made offers totalling over $50 billion to take over Russia's No.3 oil firm.

TNK-BP is a 50-50 joint venture founded in 2003 between Britain's BP and a quartet of Soviet-born billionaires.

 

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VCI Welcomes US-EU Customs Deal

The German Chemical Industry Association (VCI) welcomes the fact that Ursula von der Leyen, President of the European Commission, and US President Donald Trump have averted the danger of a trade war for the time being.