Rosneft Approves $14.2B Deal to Buy TNK-BP

Rosneft Approves $14.2B Deal to Buy TNK-BP

Russia's Rosneft announced Wednesday that its board of directors has approved a $14.2 billion financing deal to pay for the acquisition of 50 percent of TNK-BP.

The firm said its board met Monday to make the decision to execute the financing from a group of international banks in order to purchase shares owned by the Alfa-Access-Renova (AAR) consortium.

The meeting also saw the directors agree to expand its cooperation with ExxonMobil and to remove Gani Galiyev from its management board, while appointing two new members: Vice President Yuri Kalinin and acting VP Andrey Votinov. 



Have a news tip? Share it with Rigzone!
Email news@rigzone.com

WHAT DO YOU THINK?

Post a Comment Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Related Companies
Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE

More from this Author
Rigzone Staff
e-mail us at news@rigzone.com
 -  Yinson-Premuda JV to Acquire FPSO Four... (Jul 31)
 -  DSME Files Complaint with LMAA Over So... (Jul 31)
 -  Pakistan's OGDCL Makes Oil Discovery a... (Jul 31)
 -  BG Group Posts 58% Earnings Slump, Inc... (Jul 31)
 -  Savannah Signs PSC with Niger for R3/R... (Jul 31)


Most Popular Articles

From the Career Center
Jobs that may interest you
Product Line Manager
Expertise: Business Development
Location: US
 
General Manager - Reservoir Laboratories
Expertise: Business Development|Project Management|Sales & Marketing
Location: Houston, TX
 
Regional Sales Manager
Expertise: Business Development|Sales & Marketing|Technical Sales
Location: Houston, TX
 
search for more jobs

Brent Crude Oil : $52.21/BBL 2.06%
Light Crude Oil : $47.32/BBL 2.47%
Natural Gas : $2.72/MMBtu 1.80%
Updated in last 24 hours