TNK will meet with BP to discuss Rosneft Arctic deal

British Petroleum confirmed to the BBC that it will be attending a board meeting with the Anglo-Russian oil firm TNK-BP in Berlin on Friday. This was rescheduled after BP failed to attend a week ago.

Top of the agenda are plans for TNK-BP to join BP's Arctic exploration pact with Rosneft, the state-controlled oil firm.

The Russians who own half of TNK-BP say the deal violates their shareholder agreement with BP and they have won a London court injunction pending arbitration proceeding due to begin in Stockholm next week.

Dr Richard Miller is an Independent Peak Oil consultant and former BP geologist. He tells BBC Radio 5 live Wake Up To Money's Mickey Clark that TNK wants to see how much it can "squeeze out of BP by interfering with its proposed tie-up with Rosneft".

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