BP, TNK Billionaires Said Nearing Accord to Drop Mutual Claims

BP, TNK Billionaires Said Nearing Accord to Drop Mutual Claims

Andrey Rudakov/Bloomberg

Rosneft said last month it plans to pay BP $17.1 billion in cash and 12.8 percent of its stock for half of TNK-BP, and agreed to buy AAR’s half of the oil venture for $28 billion in cash.