TNK-BP says wants to supplant BP in Rosneft deal

MOSCOW (Reuters) – BP’s (BP.L: Quote, Profile, Research) Russian joint venture TNK-BP (TNBP.MM: Quote, Profile, Research) said on Friday it wants to replace BP in its share swap and Arctic development deal with Rosneft (ROSN.MM: Quote, Profile, Research).

It issued the statement after the TNK-BP board meeting in Berlin.

“The only item on today’s agenda was a vote on the TNK-BP management’s proposal for the company to participate in a deal with Rosneft instead of BP,” it said in the statement.

A new board meeting was scheduled for March 12.

(Reporting by Vladimir Soldatkin; editing by John Bowker)