Oil giant BP will consider buying out its disgruntled partners in its Russian joint venture if there is a guarantee it can sell on the shares at the same price. The move opens the possibility of energy companies Gazprom or Rosneft taking stakes in TNK-BP and ending an increasingly bitter row over the joint venture's future.

Meanwhile, BP's partners in TNK-BP, a group of Russian billionaires operating under the banner Alfa-Access-Renova (AAR), are expected to open up a new front in their campaign by holding a press conference in Moscow tomorrow. ... Read full article