The session of BP-TNK Board of Directors has failed due to lack in quorum

On Wednesday, the session of BP-TNK Board of Directors did not make the recommendation about dividend payment to  2012 due to a lack of a quorum. Earlier a source close to Rosneft that completed  the transaction on the consolidation of 100% in BP-TNK reported to the Prime Agency that  the volume of BP-TNK dividend would correspond to Rosneft’s corporate standards of 25% of net profit by ISA. Before consolidation by Rosneft in March, BP-TNK traditionally paid the highest dividends in the sector. It paid 40% of net profit every quarter.