Search for TNK-BP

27.03.2013 Russia’s Rosneft to Take $10 Billion Loans from TNK-BP Units

Prime reports that the board of directors of Russian oil major Rosneft has approved taking 152 billion ruble and U.S. $4.8 billion loans from TNK-BP which the company has recently acquired, Rosneft said in a statement on Tuesday.

26.03.2013 TNK-BP's Ryazan Refinery Unit Affected by Fire

A crude distillation unit at the Ryazan refinery owned by Russia's TNK-BP was affected by a fire late on March 23, the regional Emergencies Ministry said on its web site, while the plant said it had since restored oil product supplies, Reuters reports.

25.03.2013 Rosneft Consolidates 100% of TNK-BP

Rosneft announced March 21 the completion of transactions to acquire TNK-BP. Rosneft has finalised the deals to acquire BP’s 50% share in TNK-BP in exchange for $16.65 billion in cash and 12.84% of Rosneft shares.

25.03.2013 BP to Buy Back $8 billion of Shares, Returning its 2003 Investment in TNK-BP to Shareholders

BP announced March 22 that it intends to carry out a share repurchase, or buy-back, programme with a total value of up to $8 billion.

25.03.2013 Rosneft Pays Out in Historic TNK-BP Deal Completion

Reuters reports that Russian state oil company Rosneft closed its deal to buy TNK-BP from UK-based BP and four tycoons on March 21, releasing $40 billion cash to the sellers and becoming a bigger oil producer than Exxon Mobil.

25.03.2013 Rosneft and BP Complete TNK-BP Sale and Purchase Transaction

Key points:

    Rosneft and BP completed on March 21 a number of transactions, in line with the terms announced in October 2012. As a result of the transactions:

19.03.2013 Russia Adopts Texas Drilling to Revive Soviet Oil Fields

Bloomberg reports that fracking isn’t just for shale. In Russia, producers are importing techniques from the U.S. to squeeze billions of dollars of extra oil from Soviet-era fields.

14.03.2013 Russian Tycoons Approach Former BP Chiefs

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

13.03.2013 TNK-BP to Invest over RUB 1.5 Billion in Orenburg Region Pipeline Integrity Program

ТNК-ВР reports that in 2013 it will invest over 1.5 bn rubles in the OJSC Orenburgneft pipeline integrity program. This is 18.5% more than in 2012.

13.03.2013 Rosneft's $55 Billion TNK-BP Deal Seen Closing in March

Dow Jones reports that a $55 billion transaction in which Russian state-controlled OAO Rosneft will acquire TNK-BP from BP PLC (BP.LN) and the AAR consortium of Soviet-born tycoons is expected to close by the end of the month, three people familiar with the matter said t