Russian state oil company OAO Rosneft said it would offer around $1.5 billion to buy out minority shareholders in its TNK-BP Holding subsidiary, sending TNK-BP stock higher even though investors ...

In a recent deal, BP (NYSE:BP) sold out its 50% stake in TNK-BP, one of the biggest private oil companies of Russia, to Rosneft. The final standing of BP after the deal was its 19.75% stake in ...

Rosneft said it paid $28 billion for the 50 percent stake in TNK-BP held by AAR. This year, the state-owned oil company reached a deal with BP to buy its half of TNK-BP for more than $17 billion ...

Buying BP's 50% stake in TNK-BP for $16.6 billion (cash) and 12.84% of its own shares. Separately, BP paid $4.9 billion of the cash it received from Rosneft to buy a further 5.66% stake in Rosneft ...

BP will also acquire an additional 5.66% interest from Rosneftegaz in a separate $4.87 billion cash deal to increase its shareholding in Rosneft from 1.25% at present to 19.75%.

TNK-BP saga raises questions about BP's handling of political risk Following a series of bitter spats with its Russian partners, oil major BP exited its Moscow-based joint venture, TNK-BP, in March.

TNK-BP, a joint venture between BP plc and a group of Soviet-born tycoons, is being taken over by Russian state-controlled oil giant OAO Rosneft.

TNK-BP, which produced an average 1.987 million boe/d of oil and gas in 2011, earned $4.1 billion for BP last year. BP's consolidated balance sheet in June valued the TNK-BP share at $10.715 billion.

Buying TNK-BP will give OAO Rosneft production and reserves that surpasses Exxon Mobil Corp., the world’s largest publicly traded oil company. The similarities between the biggest Russian and U.S. oil ...

The TNK-BP joint venture has been troublesome – albeit lucrative – for BP. Dudley served as TNK-BP’s chief executive until summer 2008 when he was forced to leave Russia after being denied a ...

BP ’s board has approved a $27bn deal with the Russian state oil company Rosneft to sell its stake in TNK-BP which should seal the UK energy group’s future in Russia for decades to come. The ...