He also said that BP expected to be involved in developing TNK-BP's assets, even if they were under different ownership, according to the cable. TNK-BP, listed in Moscow with a market value of $46bn (£29bn), accounts for a quarter of BP's global production and almost a fifth of its reserves. The cable reads: "Peattie said that over the medium term, in two to three years, BP expects TNK-BP will be taken over by the Russian government and split into separate oil and gas components that Rosneft and Gazprom will control respectively. BP expects to continue to play a role in developing the underlying assets and is in continuous negotiations with both Russian companies on long-term partnerships." The comments were made soon after BP's power struggle with its Russian partners, which resulted in the ousting of then TNK-BP boss Bob Dudley, who became BP group chief executive in October.