Currency converter
^
News Feed
News Search Topics
ОК
Use filter
You can filter your feed,
by choosing only interesting
sections.
Loading

FAS may order Rosneft to get rid of some fueling stations after TNK-BP takeover

October 27, 2012, 2:24 UTC+3
As it was reported earlier, Rosneft had concluded an agreement with Britain’s BP and the AAR consortium on the takeover of 100 percent of TNK-BP
1 pages in this article
Photo EPA/ITAR-TASS

Photo EPA/ITAR-TASS

MOSCOW, October 27 (Itar-Tass) —— The federal anti-monopoly service FAS may order the oil company Rosneft to reduce the number of its filling stations in some of Russia’s regions after the takeover of the TNK-BP, FAS Deputy Chief Anatoly Golomolzin told the media, adding, though, that according to preliminary estimates Rosneft and TNK-BP filling stations in most regions did not “overlap.”

“Where both are present, and whether they overlap at all I cannot say for certain,” he said, adding that the FAS had not received any motions concerning the deal yet, so there were no accurate results of an analysis available.

As far as the oil refineries are concerned, Rosneft after the deal will control 36 percent of the upstream segment, and 33 percent of the downstream segment. “In that sense the company is close to the low limit of domination. The situation in the market is changing, but not cardinally,” he said.

As it was reported earlier, Rosneft had concluded an agreement with Britain’s BP and the AAR consortium on the takeover of 100 percent of TNK-BP. Under the company’s plans the transaction is to be accomplished in the first half of next year.

Show more
In other media
Реклама
Реклама