Arab Today, arab today tnkbp closes brazilian purchase deal
Last Updated : GMT 11:31:05
Arab Today, arab today
Arab Today, arab today

TNK-BP closes Brazilian purchase deal

Arab Today, arab today

Arab Today, arab today TNK-BP closes Brazilian purchase deal

Moscow - Ria Novosti

BP\'s Russian joint venture TNK-BP closed a deal to buy a 45 percent stake in an oil and gas deposit in Brazil from the local firm HRT O&G, TNK-BP said in a statement on Tuesday. \"The Brazilian National Agency of Petroleum, Natural Gas and Biofuels approved ... the concession rights and obligations transfer from HRT O&G to TNK Brasil regarding a 45 percent participating interest in 21 blocks located in the Solimoes Basin, onshore Brazil,\" TNK-BP said in a statement. The 21 oil and gas exploration blocks covering an area of about 48,500 square kilometers are located in the Amazon\'s Solimoes basin. TNK Brasil will pay $1 billion to HRT by five tranches within two years. The expected reserves of the blocks are estimated at 783 million barrels of oil equivalent under an audit report of Degolyer & MacNaughton. Production at the Solimoes Basin is to be launched this year. \"We are pleased that the Brazilian authorities have approved our agreement with HRT and this significant deal is now closed. Our international operations play an important role in our portfolio,\" TNK-BP CEO Mikhail Fridman was quoted in the statement as saying.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today tnkbp closes brazilian purchase deal Arab Today, arab today tnkbp closes brazilian purchase deal

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today tnkbp closes brazilian purchase deal Arab Today, arab today tnkbp closes brazilian purchase deal

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
Arab Today, arab today Sally Shaheen considers hosting a political show
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday