BP's (BP.L) partners in its Russian venture TNK-BP (TNBP.MM) rejected the UK oil major's offer to settle a dispute caused by its $18 billion tie-up with Rosneft (ROSN.MM), casting further doubt on the deal. BP Chief Executive Bob Dudley told reporters on the sidelines of a Russian Geographical Society meeting on Friday that BP's billionaire partners had rejected its offer to buy their 50 percent stake in TNK-BP for $27-$28 billion. BP, which owns the other half of TNK-BP, believes the Russians' AAR consortium is angling to be bought out of the venture at a high price -- possibly over $35 billion. Dudley has said he will not overpay for the stake in Russia's third-largest oil company.
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