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BRIEF-BP says panel conditionally permits Rosneft share swap

Fri, 6th May 2011 16:37


LONDON, May 6 (Reuters) - BP PLC:

* Re: arbitral panel

* Arbitra
l panel permits conditional completion of BP-rosneft share swap

* Assignment of arctic opportunity to tnk-BP

* The order also permits the proposed share swap between BP and rosneft to proceed

* Rosneft's consent will be required for assignment of arctic opportunity to

tnk-BP to proceed

((London Equities Newsroom; +44 20 7542 7717))



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