The current discussions between shareholders at Russo-British oil joint venture TNK-BP (TNBP.RS) haven't had impact on operations, the company said late Monday.
"Discussions between the shareholders with regard to the strategy and tactics of the company's development do not impact its current operations which remain stable and aligned with our annual forecast," the company said.
Furthermore, the company said it still plans to develop a number of new large-scale oil and gas projects in East and West Siberia.
TNK-BP, Russia's third biggest oil producer, was created in 2003 as a 50-50 joint venture between U.K. oil major BP PLC (BP) and three Russian billionaires - Mikhail Fridman, Viktor Vekselberg and Len Blavatnik.
There has been rampant speculation over the past few months of an upcoming change in the company's ownership structure.
Many in the industry expect BP's Russian partners to sell out to a state-controlled company, possibly gas giant OAO Gazprom (GAZP.RS). Publicly, the Russian shareholders deny plans to sell.
Last week, extra tension was added to the situation as the Russian shareholders demanded the ouster of TNK-BP Chief Executive Robert Dudley.
Despite the struggle within the company, TNK-BP still "intends to continue its operations with maximum efficiency, bearing in mind its responsibility as one of Russia's largest taxpayers and supplier of fuel to the internal market," the company said.