TNK-BP is set to acquire a 25-percent stake in Slavneft and some of its assets for $1.35bn, BP press service reported to RBC. The deal is to be completed by the end of 2003 and should be approved by the Russian Anti-Monopoly Ministry.
TNK-BP is Russia's third largest oil and gas company and the world's tenth largest private oil company. The company produces over 1.2m barrels of oil a day, which makes it 60m tons of oil a year.
TNK-BP is a result of the seven-month intense integration of TNK, SIDANKO and Russian assets of BP. Alfa Group-Access/Renova (AAP) and BP signed a bargain-and-sale contract during Russian President Vladimir Putin's state visit to the UK in June 2003. The deal has become the largest foreign investment in a Russian company.
After the incident with the shootdown of the Ilyushin Il-20 reconnaissance aircraft over the Mediterranean Sea, Russia will supply an S-300 anti-aircraft missile system to Syria
Indeed, how dare they run US-independent policy? They should have followed the example of the European Union that turned independent states of the Old World into US-ditto entities