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(RIA Novosti) -- British oil major BP has
rejected claims by minority shareholders who filed a suit against its Russian
venture over a failed tie-up with Rosneft, BP Russia said on
Wednesday.
Minority shareholders in TNK-BP Holding, a joint venture between
BP and Alfa Access Renova (AAR) consortium, say their interests were harmed by
BP's failure to finalize a USD 16-billion share swap and an Arctic shelf
development deal with Russian major Rosneft, as TNK-BP could have participated
in the project.
"One of the key arguments for the dismissal of the suit is the absence of
any loss or damages whatsoever to the company. Thus, any speculation on the size
and availability of a claim for damages is legally absurd," BP Russia said in a
statement.
The Rosneft deal fell through after AAR, which represents four
billionaires of Russian origin, said it broke TNK-BP's 2008 shareholder
agreement under which the partners were obliged to offer all energy project
proposals to TNK-BP first.
mrcplast.com
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