|Financial Times - UK Homepage|
|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
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.
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.
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