Finance & Investing
News Services
Newsletters
Get free industry updates via email.
Daily News
Weekly News
Equipment Updates
Weekly Job Register
Monthly Event Guide
Our privacy
pledge.


advertisement

Rosneft Approves $14.2B Deal to Buy TNK-BP

change text size
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

More from this Author
Rigzone Staff
e-mail us at news@rigzone.com
 -  Petronas Carigali Extends BW Offshore'... (Oct 30)
 -  AWE, Santos Progress Development of In... (Oct 30)
 -  Eni Mulls Partnership with Pemex in Me... (Oct 30)
 -  UK Juniors Apply for Isle of Wight Lic... (Oct 29)
 -  Oilfield Suppliers Launch Products, Se... (Oct 29)
Most Popular Articles
From the Career Center
Jobs that may interest you
Senior Estimator - EPC - Midstream
Expertise: Budget / Cost Control, Planner / Scheduler, Purchasing
Location: Houston, TX
 
Senior Division Order Supervisor
Expertise: Accounting or Finance
Location: Houston, TX
 
Sr. Internal Auditor - Addison, TX - 14-0401
Expertise: Accounting or Finance
Location: Addison, TX
 
search for more jobs