Dow Jones reports that representatives of the Alfa Group, set to earn billion of dollars from the sale of Anglo-Russian oil venture TNK-BP, have sounded out former BP CEOs John Browne and Tony Hayward about investing jointly in international oil projects, Reuters reporte
Rosneft Chair Igor Sechin and BP Executive Director Bob Dudley met December 19 to discuss plans to integrate Rosneft and TNK-BP. The two adopted a decision to include Dudley in the presidium of the Coordination committee on integration, which is headed by Sechin.
Rosneft signed in Munich at 7:45 AM local time on December 12 an agreement to purchase from the AAR Consortium (Alfa Group, Access Industries and Renova) its 50% stake in TNK-BP.
BP and its Russian partner AAR say they have settled all disputes between them as both prepare to sell their stakes in their lucrative but contentious joint venture, TNK-BP.