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Mon 07 Jul 2008BP sues Russian partner in oil venture for $362m as relations sour further
AAR, THE Russian partner in the TNK-BP oil venture in which BP holds a 50 per cent stake, said yesterday it is being sued for 8.5 billion rubles ($362 million) by BP.
AAR learned on July 3rd that BP submitted the claim for damages against it in the High Court in London for an alleged breach by AAR of a tax deed of covenant dated August 29th, 2003, AAR said in an e-mailed statement.
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