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Russian antimonopoly authority to be cautious about Rosneft-BP deal

July 24, 2012, 20:53 UTC+3

It is necessary to look into the details of the deal

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GORKI, July 24 (Itar-Tass) —— Russia’s Federal Antimonopoly Service will be very cautious as concerns a possible deal on Rosneft’s purchase of a stake in TNK-BP, the service’s chief, Igor Artemyev told journalists on Tuesday.

“The Federal Antimonopoly Service will stick to a very cautious position, because the monopolization of the market of oil products is not what we would like to have,” Artemyev stressed. In his words, it is necessary to look into the details of the deal. “Maybe they simply plan to work jointly on the shelf of a single field,” he noted.

At the same time, he stressed that the Federal Antimonopoly Service had issued not official statement about this deal and suggested it might come in a couple of days.




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