Rosneft Approves $14.2B Deal to Buy TNK-BP

Printer Friendly Version
Email this Page
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

Printer Friendly Version
Email this Page

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
 -  Bumi Armada's 1Q 2015 Net Profit Up 11... (May 27)
 -  UZMA Secures $46.1M Helicopter Service... (May 26)
 -  Malaysian Barakah's Subsidiary PBJV Re... (May 26)
 -  Rosneft Rings Management Changes (May 26)
 -  Kea Petroleum Fails to Secure Funding ... (May 26)


Most Popular Articles

From the Career Center
Jobs that may interest you
Oracle O2C Support Analyst
Expertise: Accounting or Finance
Location: Houston, TX
 
Maritime Technical Buyer
Expertise: Accounting or Finance
Location: Florida, FL
 
Regional Sales Lead
Expertise: Business Development|Sales & Marketing
Location: Houston, TX
 
search for more jobs

Brent Crude Oil : $63.72/BBL 2.52%
Light Crude Oil : $58.03/BBL 2.82%
Natural Gas : $2.82/MMBtu 2.42%
Updated in last 24 hours