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BP suggests TNK-BP would pay $1 bln in 2012 dividend

Sat, 21st Jul 2012 16:43

MOSCOW, July 21 (Reuters) - BP has proposed Russia's No.3 oil company TNK-BP would pay $1 bill

ion in dividend attributable to 2012 income, TNK-BP said in a statement on Saturday.

Directors who represent the AAR consortium in TNK-BP said they would study BP's proposal and make a decision within a week, the statement said.

In May, TNK-BP, half-owned by BP, said it postponed a decision on a dividend pay out for the first quarter of 2012 due to a lack of a board quorum.

(Writing by Andrey Ostroukh, editing by William Hardy) Keywords: TNK BP/DIVIDEND

(andrey.ostroukh@thomsonreuters.com)(+7 495 775 1242)

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