MOSCOW (Reuters) - BP's partners in Russian joint venture TNK-BP have rejected a peace proposal by the British oil major to involve them in talks on joining a disputed BP alliance with Russia's Rosneft.
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The TNK-BP board met in Paris on Saturday to consider a new proposal from BP's representatives concerning a partnership with Rosneft, Russia's top crude producer.
"A proposal by BP's nominated directors which would have allowed TNK-BP to hold initial discussions with Rosneft about pursuing the Arctic opportunity, was rejected by Alfa, Access and Renova (AAR)," BP said in a statement on Saturday.
TNK-BP board is made up of four BP-nominated directors, four representatives of the Russia-connected billionaires who hold shares in the venture as the AAR consortium, and three independent directors.
(Reporting by Vladimir Soldatkin; editing by Alexander Smith)