MOSCOW, March 1 (Reuters) - Russia has offered BP CEOBob Dudley a spot on the board of directors of state-controlledoil company Rosneft, in which BP is soon to raise itsstake, a decree signed by Prime Minister Dmitry Medvedev showedon Friday.
State-owned Rosneft is buying TNK-BP for $55billion from its 50-50 owners, BP and the private Russianconsortium AAR, in two separate deals.
BP will reinvest some of the cash proceeds of the deal tobuy Rosneft shares from the Russian state, coming out with astake of nearly 20 percent.
BP (BP.)