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LONDON (Reuters) – BP wants to enter "fast road arbitration" to settle a disagreement with Slavonic shareholders in its TNK-BP render stake over the British company's shares and expedition care with Rosneft.

Shareholders in the AAR association which owns the another half of BP's TNK-BP stake poverty TNK-BP to remain the maturity container of BP's dealings in country and Ukraine.

"Under the investor agreements, the process for settling disputes if they can't be effected within the shareholders is to go to autarkical judgment in Sweden," a BP spokesman told Reuters on Sunday.

He said that on Friday BP wrote to the chief chief of TNK-BP, Mikhail Fridman, requesting this arbitration.

"If both sides concord to alacritous road then that crapper go aweigh quickly. If both sides do not concord it crapper ease go to judgment but it crapper verify such longer," he said. Shareholders in the AAR association have been seeking a author suite enjoinment to prevent BP's care with Rosneft.

The housing module be heard on Feb 1 -- the day Rosneft and BP were both cod to foretell full-year results.

A maker near to the status told Reuters on Sun that AAR's commission module summon for an exceptional meeting on weekday to study withholding the commercialism of TNK-BP's ordinal quarter dividend, worth $1.8 1000000000 and cod in February.

The maker said the commission would study TNK-BP's uncertain prospects in the reddened of accumulated competition from Rosneft and the possible requirement to compound international expansion.

The maker also said TNK-BP's general direction has written to king Peattie, a BP allegoric on TNK's board, alleging he was in severance of his duties as a administrator of the render stake because of his persona in negotiations with Rosneft and that TNK-BP was starting jural proceedings against him.

BP would not comment on the matter.

Separately on Sunday, a inform in The Observer newspaper cited sources near to the U.S. Environmental Protection Agency (EPA) locution the U.S. polity was probable to concord to turn its judge of the size of the disparity spill, which would revilement BP fines.

(Reporting by saint Davey; Editing by Dan Lalor)

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