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BP satisfied with its share in Rosneft — CEO

BP owns a 19.75% stake in Russia’s oil major

© EPA/SERGEI ILNITSKY

ST. PETERSBURG, June 15. /TASS/. BP is satisfied with the level of its share in Russia’s Rosneft and has no plans to increase it, the British company’s chief executive Robert Dudley told reporters on Wednesday.

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Russia's Rosneft denies information on company’s concerns regarding BP’s stake increase

"We made a very large investment in Rosneft. We are very pleased with that level of investment. I think we will hold and keep working at the level we are," he said.

BP owns a 19.75% stake in Russia’s oil major.

As was reported earlier BP’s profit from participation in the Russian oil major Rosneft dropped 2.7 times in the first quarter of 2016 year-on-year to $66 mln. In the fourth quarter of the last year its profit from participation in Rosneft totaled $235 mln.

BP expects to receive 2015 dividends from Rosneft in the amount of 22.1 bln rubles ($333.1 mln).

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