Currency converter
All news
News Search Topics
Use filter
You can filter your feed,
by choosing only interesting

BP counts on buying 12,5% stake in Rosneft

September 24, 2012, 11:29 UTC+3

To date, BP already owns 1.3 percent of Rosneft shares

1 pages in this article

LONDON, September 24 (Itar-Tass) — The British Petroleum multinational oil and gas company is considering the possibility of purchasing a 12.5-percent stake in Russia’s oil company Rosneft, the business community of the City of London reported on Monday.

“BP is selling its stake in the joint venture - the corporation TNK-BP and is ready to invest part of the proceeds in projects in Russia,” a staff member of the International Petroleum Exchange of London told Itar-Tass.

To date, BP already owns 1.3 percent of Rosneft shares. “However, it wants to increase its stake in the capital of the Russian company in order to obtain the status of a strategic partner,” the source said.

According to reports, BP assesses its stake in TNK-BP at 25 billion US dollars. It is this part of the money, according to the BP management plans, that will be used for the group’s new projects in Russia.

Show more
In other media
Partner News