Russia
has proposed that BP PLC (BP) Chief Executive Bob Dudley join the board
of directors of state-controlled oil giant OAO Rosneft (ROSN.RS), in
which BP is raising its stake to nearly 20%, according to a government
website Friday.
Rosneft is taking over competitor TNK-BP from BP and its
partners in deals worth $55 billion that are expected to close in the
first half of this year. BP is raising its stake in Rosneft as part of
the deal.