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AAR Consortium
In 2003, three of Russia's leading investment, financial, and industrial groups -- Alfa Group, Access Industries, and Renova -- formed the AAR Consortium. AAR's key asset is its 50 percent share in TNK-BP. The Consortium represents the interests of the Russian shareholders in the oil company. AAR owns 100% of Norbest, a Cyprus company that is party to a production-sharing agreement in the Erbil region of Kurdistan in Northern Iraq.
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