BP’s Dudley Bested by The Russians (Again) By Glenn Fydenkevez Robert Dudley, the American CEO of BP PLC, has requested and received a one-month deadline extension to close an Arctic prospecting joint venture and share swap with Russia’s OAO Rosneft. The $16 billion-dollar deal and Dudley’s credibility hang in the balance. Unfortunately, he’ll need more than a month; he’ll need a miracle. There is a second Russian partnership involved, and they simply will not allow the deal to happen unless it happens on their terms. AA Renova, an investment entity which controls BP’s current Russian joint venture, TNK-BP, is using aggressive legal tactics to stop BP and Rosneft from joining forces. AA Renova is claiming that BP is contractually obligated to do the Rosneft Deal through TNK-BP. Are they? Who knows, but the whole thing is tied up in Russian courts and is unlikely to be resolved over the course of a one-month extension that’s already half over. It’s clear to Dud...