A BP petrol station sign. (Image credit: AFP via @daylife) Both the British oil giant and the oligarch-owned AAR want to sell their 50% stakes in Russian oil giant TNK- BP .

Assuming for the moment that only the BP side of the deal gets done, Rosneft will immediately add BP's share of TNK-BP's oil and gas output (1 million boepd as of the last quarter) to its already ...

Russian shareholders TNK-BP, the U.K. oil company's joint venture in Russia, said Wednesday that they are interested in buying a 25 percent stake in the company.

TNK-BP, Russia’s third-largest oil producer, is owned on a 50-50 basis by BP and AAR, a consortium of Russian billionaire shareholders. TNK-BP has been mired in a lengthy dispute after AAR ...

British oil giant BP said Friday it is considering selling its 50 percent stake in its Russian joint venture TNK-BP, in a deal that could fetch at least $15 billion.

Russian billionaire owners in TNK-BP asked a London court to halt a share swap and Arctic exploration deal between BP and Rosneft, claiming exclusive rights to pursue business in Russia with the ...

OAO Rosneft’s sale of almost 10 percent of RN Holding to undisclosed parties, after buying the oil unit in its $55 billion acquisition of TNK-BP this year, has sparked concern that it may ...

Alfa Access Renova believes the endgame is now for BP to depart TNK-BP, preferably by selling its stake back to AAR. It's likely to be disappointed.

MOSCOW -- A group of minority shareholders in BP PLC's (BP) Russian joint venture TNK-BP Holding (TNBP.RS), who are claiming $13 billion in damages from the U.K. oil major, have filed a new law ...

The Russian owners of oil venture TNK-BP <TNBPI.RTS> may one day swap their stake for equity in co-owner BP <BP.L>, but not during the current "militant phase" in relations, shareholder Viktor ...

LONDON -- The shareholder dispute that for months has wracked BP PLC's Russian venture came closer to resolution Monday when the venture's traded subsidiary elected a new board and amended its ...