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Friday, January 28, 2011

AAR believes Russia govt not fully informed by BP-source, (TNBP), (BP), (ROSN)

The Russian shareholders of TNK-BP (TNBP.MM) do not believe BP (BP.L) fully informed Russian authorities of their sharholder agreement before securing a lucrative deal with Rosneft (ROSN.MM), a source told Reuters. "We don't believe that BP has informed Rosneft and (Russian Deputy Prime Minister Igor) Sechin or (Prime Minister Vladimir) Putin fully in detail on their obligations to TNK-BP," the source close to TNK-BP board told Reuters on Friday. The AAR consortium of TNK-BP shareholders is seeking a London court injunction to immediately halt the deal between Rosneft and BP, he said. He said that AAR wants BP to stick to the shareholder agreement, which considers its Russian venture TNK-BP as the "prime vehicle" of BP's operations in Russia and Ukraine.

Source