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Backlash over BP deal with Rosneft

BP’s landmark deal with Rosneft, the Russian state oil company,  was facing a backlash from the billionaire shareholders in its other  main venture in the country http://link.ft.com/r/0QSDPP/S3KQXQ/70OUJ/JI2UOK/A7PO3D/B7/h?a1=2011&a2=1&a3=16 Backlash re  BP deal with Rosneft By Catherine Belton in Moscow and Sylvia Pfeifer in London Published: January 16 2011 19:45 | Last updated: January 16 2011 19:45 BP’s landmark deal with Rosneft, the Russian state oil company,  was on Sunday night facing a backlash from the billionaire shareholders  in its other main venture in the country. AAR, the consortium through which the shareholders hold their stake  in TNK-BP, said it was examining whether the deal breaches their  agreement which stipulates that BP can only pursue new opportunities i n Russia via the venture. EDITOR’S CHOICE BP looks to Russia to rebuild reputation - Jan-16 Putin’s ally delivers connects with the west - Jan-16 beyondbrics: BP in Russia; hope over experience? - Jan-14 BP in $16bn share swap with Rosneft - Jan-15 Lex: BP - Jan-14 Pioneering tie-up for BP and Russia - Jan-15 BP’s $16bn share swap with Rosneft, which will see the Kremlin  indirectly become the single largest shareholder in the UK group,  already faces scrutiny in the US where the company is a major supplier  of petroleum to the military. -- Read the whole article! -- FT teaser posted by  Politicarp