The board of Russia's TNK-BP (TNBP.MM) is waiting for its management's proposal on a role in shareholder BP Plc's (BP.L) partnership with state oil company Rosneft (ROSN.MM), sources close to the board said on Thursday. Members of the management and board of directors had said the board could discuss the BP-Rosneft tie-up at a Feb. 18 board meeting in Paris, although an immediate decision was unlikely. TNK-BP's management must come up first with a position on participation in a deal announced last month between the British major and Rosneft, Russia's largest oil company, to drill for oil together in the Arctic.
Source
