TNK-BP's (TNBP.MM) Russian shareholders believe BP (BP.L) did not fully inform authorities of its obligations to existing oil industry partners in Russia before securing a deal with Rosneft (ROSN.MM), a source told Reuters. Shareholders in the AAR consortium which owns the other half of BP's TNK-BP venture are seeking a London court injunction to immediately halt the deal, in which Russian state-controlled Rosneft and the British oil company agreed to a $16 billion share swap and to set up an Arctic offshore exploration venture. "We do not believe that BP informed Rosneft and (Deputy Prime Minister Igor) Sechin or (Prime Minister Vladimir) Putin fully on their obligations to TNK-BP," the source, who is close to the TNK-BP board, told Reuters on Friday.
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