BP (BP.L) boss Bob Dudley has come under fire after an Arctic exploration deal with Russian group Rosneft (ROSN.MM) was blocked by the British oil company's partners in joint venture TNK-BP [TNKBP.UL]. An arbitration panel ruling prevents BP and state-controlled Rosneft, Russia's largest oil company, jointly exploring for oil in the country's Arctic region and from executing a $16 billion share swap. [ID:nLDE72N291] That potentially opened the door for a rival to step in and replace BP as Rosneft's partner.
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