Thursday, September 24, 2009

TNK-BP Fights Customs Retaliation

British Petroleum’s Russian joint venture, TNK-BP, has protested to Russia’s Anti-Monopoly Service (FAS) against the Customs Service’s revocation of TNK-BP's right to pay export duties through a single bank account, which other oil companies continue to enjoy. TNK-BP asserts that the arrangement costs almost $2 million less a month than the alternative of paying through dozens of separate accounts, and that its privileges were revoked in retaliation for its successful litigation against Customs for the return of hundreds of millions of dollars in excess export duties paid.

http://10.vedomosti.ru/newspaper/print/2009/09/24/214656

No comments:

Post a Comment