A BP petrol station sign. (Image credit: AFP via @daylife) Both the British oil giant and the oligarch-owned AAR want to sell their 50% stakes in Russian oil giant TNK- BP .

LONDON -- The shareholder dispute that for months has wracked BP PLC's Russian venture came closer to resolution Monday when the venture's traded subsidiary elected a new board and amended its ...

While most Russia-watchers have been concerned about the recent OAO Yukos investigation and subsequent unraveling of the company's proposed merger with rival Russian giant OAO Sibneft, TNK-BP has ...

Russian shareholders TNK-BP, the U.K. oil company's joint venture in Russia, said Wednesday that they are interested in buying a 25 percent stake in the company.

Assuming for the moment that only the BP side of the deal gets done, Rosneft will immediately add BP's share of TNK-BP's oil and gas output (1 million boepd as of the last quarter) to its already ...

TNK-BP, Russia’s third-largest oil producer, is owned on a 50-50 basis by BP and AAR, a consortium of Russian billionaire shareholders. TNK-BP has been mired in a lengthy dispute after AAR ...

Russian billionaire owners in TNK-BP asked a London court to halt a share swap and Arctic exploration deal between BP and Rosneft, claiming exclusive rights to pursue business in Russia with the ...

British oil giant BP said Friday it is considering selling its 50 percent stake in its Russian joint venture TNK-BP, in a deal that could fetch at least $15 billion.

TNK-BP is a joint venture between BP and AAR; BP will get $17.1 billion in cash and shares; Rosneft will buy the other 50% from AAR; MOSCOW (AP) — Russian state-owned oil giant Rosneft ...

Alfa Access Renova believes the endgame is now for BP to depart TNK-BP, preferably by selling its stake back to AAR. It's likely to be disappointed.