BP says it and AAR, its joint shareholder in TNK-BP, have reached agreement to settle all...

|About: BP p.l.c. (BP)|By:, SA News Editor
BP says it and AAR, its joint shareholder in TNK-BP, have reached agreement to settle all outstanding disputes, including current arbitrations brought by each against the other. Included is an immediate waiver of the new opportunities provision in the TNK-BP shareholder agreement, allowing each party to explore new opportunities and partnerships in Russia and the Ukraine.