Statement by OJSC Rosneft Oil Company
On January 14, 2011 OAO Rosneft and BP signed an agreement on a joint venture for the development of the Russian Arctic shelf based on licensed areas, “East Prinovozemelsky 1-2-3, sharing a 9.5% stake in Rosneft for 5.0% of the shares of BP and the formation of a global strategic …
BP and AAR Reaffirm Commitment to Growth and Success of TNK-BP as Talks Continue with Rosneft Following Expiry of Agreement
BP and Alfa- Access- Renova (“AAR”) announced today that they would intensify their efforts to ensure TNK-BP’s continued success following the lapse of the BP-Rosneft share swap transaction (and the related Arctic exploration opportunity) originally announced on 14 January 2011. In recent months, BP has conducted detailed negotiations with AAR …
Arbitral Panel Permits Conditional Completion of BP-Rosneft Share Swap-Subject to Rosnefts Consent and Assignment of Arctic Opportunity to TNK-BP
The arbitral panel has today issued a consent order permitting BP and the Alfa-Access-Renova (AAR) consortium to assign the Arctic opportunity to TNK-BP, subject to Rosneft consent. The order also permits the proposed share swap between BP and Rosneft to proceed subject to Rosneft having consented to assign the Arctic …
Gazprom Neft purchases 5.15% shares in NIS
Gazprom Neft announces that it has finalised its offer made in January to the minority shareholders of Serbian oil company NIS. 8,4 million NIS shares were submitted for purchase, amounting to 5.15% of the company’s authorised capital. The maximum number of NIS shares that could be submitted for the buy-out …