Source Pravda.Ru

TNK-BP to acquire 25-percent stake in Slavneft

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.

© &to=http://www.rbcnews.com' target=_blank>RBC

&to=http://www.tnk.ru' target=_blank>TNK

&to=http://www.bp.com' target=_blank>BP

Comments
Brigitte Bardot accuses Hollywood actresses of hypocrisy
Brigitte Bardot accuses Hollywood actresses of hypocrisy
UN General Assembly calls Russia ‘occupant power’
Putin unable to win India over as Russia's staunch ally to counter USA's dominance
Can Russia perform under Soviet flag during 2018 Winter Olympics?
Can Russia perform under Soviet flag during 2018 Winter Olympics?
Our social and economic system under the microscope
An attempt at colored revolution in Iran?
An attempt at colored revolution in Iran?
An attempt at colored revolution in Iran?
USA to crush Russia's space industry in 2019
Interview with Andre Vltchek for Farhikhtegan newspaper in Iran
USA and Israel conclude secret agreement against Iran
Interview with Andre Vltchek for Farhikhtegan newspaper in Iran
USA and Israel conclude secret agreement against Iran
USA and Israel conclude secret agreement against Iran
USA and Israel conclude secret agreement against Iran
USA and Israel conclude secret agreement against Iran
Most important achievement of 2017: Big war with NATO canceled
Most important achievement of 2017: Big war with NATO canceled
Cruel experiment to force living dog breathe underwater shocks Russian bloggers. Video