In the latest twist in the dispute between BP (BP) and its Russian billionaire partners in...

|About: BP p.l.c. (BP)|By:, SA News Editor

In the latest twist in the dispute between BP (BP) and its Russian billionaire partners in TNK-BP, AAR, which represents the partners, intends to sell its 50% stake in the JV to a third party or sell some of the shares in an IPO. AAR said yesterday that the move would give it more flexibility if BP sells its 50% holding to Rosneft.