Reuters 29 October 2012 Giant BP is set to exit its stake in the TNK-BP joint venture ahead of the AAR consortium of tycoons, when they sell out to state-controlled Rosneft, a source close to Rosneft told Reuters on Monday. BP has struck a deal to sell its stake in...
Moscow Times 23 October 2012 Rosneft’s acquisition of TNK-BP has reportedly made Viktor Vekselberg Russia’s wealthiest man and gives the state back control of the oil industry that has been largely in private hands since the privatizations of the 1990s. As the dust...
Moscow Times 17 October 2012 BP’s billionaire partners in a Russian joint venture tentatively agreed to sell their stake to state-controlled oil producer Rosneft for $28 billion, news reports said Wednesday. Alfa-Access-Renova, a consortium of four billionaires,...
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....
Reuters 26 September 2012 To make binding, all-cash offer by mid-October – source No price determined for 50 pct stake AAR had proposed $10 bln for 25 pct in TNK-BP Financing to come from borrowing against TNK-BP The billionaires who own half of Russian oil firm...
