Bloomberg News

Rosneft Appeals Termination Claim Against BP, Court Filing Shows

February 12, 2013

OAO Rosneft filed an appeal over the withdrawal of a 100 billion ruble ($3.3 billion) claim against BP Plc, according to a posting on the website of an arbitration court in Omsk, Siberia.

BP has received notification of the appeal, Konstantin Lukoyanov, a Moscow-based lawyer for the London-based company, said today by phone.

The Omsk court last month approved a request by Andrey Prokhorov, a minority shareholder in OAO TNK-BP Holding, to withdraw his claim against BP. Prokhorov, who holds 0.00001 percent in the traded unit, sued BP for damages after it sought a share swap and exploration alliance with Rosneft in 2011.

A spokeswoman for Rosneft declined to comment.

Rosneft is buying TNK-BP, Russia’s third-largest oil producer, from BP and its billionaire partners for $55 billion.

To contact the reporter on this story: Jake Rudnitsky in Moscow at jrudnitsky@bloomberg.net

To contact the editor responsible for this story: Stephen Voss at sev@bloomberg.net


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