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BP Russian partners say row solved

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Posted 04 September 2008 @ 09:57 am GMT

BP's Russia-connected co-owners in oil company TNK-BP said on Thursday they had signed a memorandum with the oil major to solve a protracted corporate conflict.

"We just signed the memorandum, we will release full details later today... It basically means the corporate conflict is solved," Stan Polovets, chief executive of Russian consortium Alfa-Access-Renova told Reuters.

(Reporting by Dmitry Zhdannikov; editing by Melissa Akin)

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