A Slick Move in Russia's Oil Patch?
Tyumen Oil Co. (TNK) has a well-earned reputation for being one of the most aggressive players in Russia's big -- sometimes bruising -- oil sector. In a controversial 1999 bankruptcy auction, TNK made headlines by seizing a control of a choice subsidiary of Siberian oil producer Sidanco over the strong objections of international oil major BP Amoco, a 10% Sidanco shareholder and a newcomer to the Russian market. (Welcome to Russia, BP.)
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