Member access

4-Traders Homepage  >  Shares  >  RUSSIAN TRADING SYSTEM STOCK EXCHANGE  >  TNK-BP Holding OAO    TNBP   RU000A0HGPM9


News SummaryMost relevantAll newsSector news 

Sinopec, Cnooc Eye BP's Stake In TNK JV - Report

06/03/2012 | 07:06am US/Eastern

China Petroleum & Chemical Corp. (0386.HK), or Sinopec, and Cnooc Ltd. (CEO) are eyeing up BP PLC's (BP.LN) GBP14 billion half stake in its Russian TNK-BP (>> TNK-BP Holding OAO) joint energy venture, The Mail on Sunday reports.

The newspaper said Rosneftegaz has also been instructed by the Russian government to approach BP.

Meanwhile, BP has told leading shareholders they could be in line for a GBP10 billion windfall from the sale of its stake, The Sunday Telegraph reports.

One top 10 shareholder said, "(BP) will keep half the money for new assets and give half back to shareholders," according to the newspaper.

-London Bureau, Dow Jones Newswires; 4420-7842-9289;

Stocks mentioned in the article : TNK-BP Holding OAO
React to this article
Latest news on TNK-BP HOLDING OAO
07/29DJBP Results Show Rewards, Risks of Russian Tie
05/27DJRio Tinto Names Alfredo Barrios Aluminum Unit CEO
2013DJRosneft Makes Offer to RN Holding Minority Shareholders
2013DJRosneft Makes Offer To RN Holding Minority Shareholders
2013 Exclusive - Rosneft cuts output forecast at pivotal Siberian field
2013 Templeton's Mobius urges "fair and equitable" TNK-BP buyout
2013 ROSNEFT' NK OAO : Rosneft's Sechin says TNK-BP minorities offer 'completely fair..
2013 Rosneft board member rejects criticism of TNK-BP buyout
2013 BP mulls long-term oil deal with Rosneft - sources
2013 Rosneft offers lowball $1.5 billion for TNK-BP minorities
Income Statement Evolution
More Financials
Dynamic quotes