Friday 24 October 2014
 
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TNK-BP

Rosneft acquires TNK-BP in $55bn deal

Russian state oil company Rosneft closed a historic deal to buy TNK-BP from UK-based BP and four tycoons, releasing $40 billion cash to the sellers and becoming a bigger oil producer than Exxon Mobil, the world’s No.1 investor-owned compan

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TNK-BP pulls Russia's oil output down

Lower output from TNK-BP's mature fields led to an overall decrease in Russia's crude oil production, the world's largest, which edged down 0.1 per cent in January, Energy Ministry data showed yesterday. Russia's o

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Rosneft raises $16.8bn for TNK-BP takeover

Rosneft, seeking to finance Russia's largest-ever takeover deal, has raised $16.8 billion in bank loans and agreed on long-term trade finance deals with the world's largest oil traders, Glencore and Vitol. The state-contro

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BP, TNK-BP in talks to solve Russia oil row

BP chief executive Tony Hayward met billionaire TNK-BP shareholder Mikhail Fridman in London on Wednesday to discuss a dispute over the Russian oil venture, sources close to both shareholders said on Thursday. ’Fridman met Hayward in Londo

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Investors must tread carefully in Russia: BP

Foreign investors in Russia should tread with caution, the head of BP said on Tuesday amid a dispute between BP and Russia-connected shareholders in their TNK-BP venture. BP chief executive Tony Hayward also said at a news conference that

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TNK-BP CEO leaves Russia, blames harassment

The chief executive of BP's Russian venture TNK-BP left Russia on Thursday, blaming a campaign of harassment as a fight for control between BP and its partners hit a new peak. "In the light of the uncertainties surrounding the status of my

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Russia slaps $256m tax claim on TNK-BP

Russia's tax service is claiming 6 billion roubles ($255.6 million) in back taxes on several units of BP's Russian venture TNK-BP, the firm said on Wednesday. The claim refers to the 2004-2005 tax period and includes a wide range of taxes

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BP sells gas field stake

British oil firm BP has sold its stake in a Siberian gas field development to Russian state-controlled firm Gazprom. BP's Russian joint venture TNK-BP has agreed to sell Gazprom its majority interests in the giant Kovykta field for betwee

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