BP and Rosneft deal looming

This week is set to see the Russian Government-controlled Rosneft buy BP's 50 percent stake in the Russian oil joint venture, TNK-BP, for an estimated 28bn dollars.

This week is set to see the Russian Government-controlled Rosneft buy BP's 50 percent stake in the Russian oil joint venture, TNK-BP, for an estimated 28bn dollars.

According to media reports, Rosneft might also acquire the other 50% from the Alfa-Access-Renova (AAR) consortium, run by four Soviet-born billionaires.

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