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Bailiffs enter BP's offices in Moscow Bailiffs raid BP's offices in Moscow
(40 minutes later)
BP has confirmed that bailiffs have entered its offices in Moscow.BP has confirmed that bailiffs have entered its offices in Moscow.
The company's spokesman in Moscow said their arrival was linked to a case in a regional court in Western Siberia relating to the collapse of the Arctic oil exploration deal with Rosneft.The company's spokesman in Moscow said their arrival was linked to a case in a regional court in Western Siberia relating to the collapse of the Arctic oil exploration deal with Rosneft.
BP has been having a tricky time in Russia because of disputes with its partners in the joint venture TNK-BP. The deal collapsed because of a legal challenge from its Russian partners in the joint venture TNK-BP. The deal has now been done with Exxon Mobil instead.
A legal challenge from them led to the collapse of the Rosneft deal, which has now been done with Exxon Mobil instead. In a statement, BP said there were "no legitimate grounds for such a raid".
BP has said it is co-operating with security officials. However, it has declined to say whether any documents have been confiscated. The raid was on the offices of BP EOC, an exploration company, which BP said had no connection with the court case in Tyumen in Siberia.
"If the Tyumen Court decision is allowed to stand, it means any party can raid a company's premises at will and examine all its documents," BP said.
"They are confidential and have no connection with any shareholders' issues."
'Sustained harassment'
BP signed up to a strategic alliance with state-owned Rosneft in January, but its existing partners in Russia said it had broken an agreement covering any other Russian oil business deals.BP signed up to a strategic alliance with state-owned Rosneft in January, but its existing partners in Russia said it had broken an agreement covering any other Russian oil business deals.
BP's management are well versed in the problems of doing business in Russia.
Chief executive Robert Dudley was chief executive of the TNK-BP joint venture for five years until 2008, when he resigned as a result of "sustained harassment".
BP and the Russian billionaires' investment vehicle Alfa Access-Renova (AAR) each own a 50% stake in TNK-BP.