Russian oligarchs may sell BP stake
AAR, the consortium of Russian shareholders of TNK-BP, may sell its stake in the oil firm to Rosneft or the Russian government, according to press reports in Moscow.
State-controlled Rosneft last month struck a share swap and Arctic exploration deal with BP, which owns half of TNK-BP. AAR is fighting to stop the proposal, which it says violates its agreements with BP, and this week secured a court order in London to halt negotiations.