A source familiar with the situation told Reuters the additional payout for the first half of 2011 was approved at a board meeting on Friday. “On top of 4.2 billion already paid this year, it will bring total payments to 5.5 billion,” the source said.

BP owns half of TNK-BP, and the other half is controlled by the Russia-connected consortium AAR.

Another source said former BP Chief Executive Tony Hayward had resigned from the TNK-BP board due to other commitments.

Since being forced out of BP in the wake of the Gulf of Mexico oil spill, Hayward has taken on a variety of roles executive and non-executive roles, including founding a 4 billion Kurdistan focused exploration vehicle.

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