NY Times 17 October 2012
KHANTY-MANSIYSK, Russia — One way or the other, Rosneft, the Russian state oil company, is poised to significantly expand its oil and gas holdings in Russia. And BP, its latest Western partner, could benefit from whatever move Rosneft makes.
Rosneft is reported to have concluded an agreement to buy the holdings of the four billionaires who own the country’s third-largest oil company, TNK-BP.
BP, the other partner in TNK-BP, has also been in talks to sell its half of the venture to Rosneft.
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