Russia: BP-Rosneft Deal Faces Problems

British oil major BP and Russian energy major Rosneft signed a $16 billion deal in January — a deal that Russian joint energy venture TNK-BP seeks to stop. TNK believes that BP's deal with Rosneft would mean leaving TNK behind and is thus considering legal action to halt the deal. The Kremlin, which created TNK-BP and encouraged the BP-Rosneft agreement, is stepping in to resolve the TNK-BP-Rosneft dispute and has several options at its disposal.