Oligarchs renew bid to halt BP deal with Rosneft

Four Russian oligarchs will make a renewed attempt to block BP’s proposed $16bn (pound;10bn) share-swap deal with Rosneft on Monday, claiming it contravenes an existing shareholder agreement.
Last month the four won a ruling from the Stockholm Arbitration Tribunal that BP’s planned Arctic exploration deal with Rosneft breached an agreement stipulating that TNKndash;BP is BP’s “primary vehicle” for all oil and gas exploration in Russia and Ukraine.

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