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BP and oligarchs face off as $4.9 billion claim looms

BP prompted the spat with AAR, the consortium of Russian and Russia-connected oligarchs who own half of oil company TNK-BP, by agreeing a share swap and Arctic exploration deal with Russian-state-controlledRosneft <ROSN.MM>. AAR secured a court injunction that blocked the deal, which finally collapsed in May when the quartet of billionaire shareholders…

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