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
 -  Ceona Wins Subsea Contract for Bennu's... (May 5)
 -  Lamprell Delivers Newbuild Jackup Buti... (May 4)
 -  New Subsea Integrity Firm UIS Launched... (May 4)
 -  Services Firm Cape Secures 500 Jobs wi... (May 1)
 -  Falcon O&G and Partners Prepare for Dr... (Apr 30)


Most Popular Articles

From the Career Center
Jobs that may interest you
Business Development Manager
Expertise: Business Development
Location: Houston, TX
 
Project Controller
Expertise: Project Controls
Location: Lafayette, LA
 
Sales Director - Atlantic Region
Expertise: Business Analyst|Business Development|Materials Management |Sales & Marketing
Location: New Jersey, 
 
search for more jobs

Brent Crude Oil : $67.52/BBL 0.62%
Light Crude Oil : $60.4/BBL 2.49%
Natural Gas : $2.78/MMBtu 1.41%
Updated in last 24 hours