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

Certainly readers already know that the Prosecutor's Office of Nanterre has ordered that Marine Le Pen, secretary of the Rassemblement National (former FN) and parliamentary to the Assembly, be submitted to psychiatric examination.

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