Foreign Companies Would Need Govt Approval to Buy TNK-BP Stake

LONDON - International oil companies would need approval from the Russian government to buy a stake in Russia's third-largest oil company, TNK-BP Holding, Energy Minister Alexander Novak said Tuesday.

BP PLC's Russian partners in TNK-BP, the Alfa Access Renova group, said late Monday they would seek to sell a stake in the venture to a third party or shares through an initial public offering if they were unsuccessful in their separate bid for BP's holding.

Copyright (c) 2012 Dow Jones & Company, Inc.

WHAT DO YOU THINK?

Click on the button below to add a comment.
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



Most Popular Articles

From the Career Center
Jobs that may interest you
Sr. Project Manager
Expertise: Project Engineer|Project Management
Location: Odessa, 
 
Administrative Assistant IV
Expertise: Executive|Secretarial or Administrative
Location: Houston, TX
 
US Houston: Account Rep, Bus Dev
Expertise: Business Development|Marketing|Sales
Location: Houston, TX
 
search for more jobs

Brent Crude Oil : $50.97/BBL 1.53%
Light Crude Oil : $48.75/BBL 1.79%
Natural Gas : $2.92/MMBtu 0.68%
Updated in last 24 hours