Arab Today, arab today rosneft set to strike massive tnkbp deal
Last Updated : GMT 11:00:35
Arab Today, arab today
Arab Today, arab today

Rosneft set to strike massive TNK-BP deal

Arab Today, arab today

Arab Today, arab today Rosneft set to strike massive TNK-BP deal

Moscow - AFP

Rosneft was due Thursday to become the world\'s largest publicly traded oil company when it strikes a deal for BP\'s stake in the British giant\'s troubled TNK-BP joint venture believed to be worth nearly $30 billion. The government-owned Russian oil leader needed to wait until a 0800 GMT deadline to expire before making a formal proposal for BP\'s half in TNK-BP during talks in London between company chief Igor Sechin and the British group\'s executives. The Financial Times reported that the cash-and-shares deal would be worth $28 billion and see BP grab a stake of between 10 and 20 percent in Rosneft -- up significantly on its current 1.4 percent holding in the giant. Rosneft and the four Russian billionaires who own the other half of TNK-BP had signed a memorandum of understanding on Tuesday that would see the state firm acquire the tycoon\'s half at a later date. The billionaires have experienced strained ties with the Russian government and were forced to concede that a company run by them and Rosneft jointly would most likely fail to function and require them to eventually sell their stake. Various reports put the value of the deal with the tycoons -- to be most likely completed after the BP swap is set in place -- at $28-$29 billion. The Financial Times said the BP board will consider Rosneft\'s Thursday offer on Friday. The expected deal will make Rosneft into the world\'s biggest publicly traded oil producer with daily crude output of more than three million barrels a day -- far more than current leader ExxonMobil\'s 2.3 million barrel figure.

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 rosneft set to strike massive tnkbp deal Arab Today, arab today rosneft set to strike massive tnkbp deal

 



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 rosneft set to strike massive tnkbp deal Arab Today, arab today rosneft set to strike massive tnkbp deal

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today unveils Joon - the 'millenials' airline

GMT 13:36 2017 Saturday ,23 September

unveils Joon - the 'millenials' airline
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Iran tests new medium-range missile

GMT 21:24 2017 Saturday ,23 September

Iran tests new medium-range missile
Arab Today, arab today North Korea 'more opaque'

GMT 10:50 2017 Sunday ,24 September

North Korea 'more opaque'
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Ministry seeks to improve education

GMT 14:49 2017 Sunday ,17 September

Ministry seeks to improve education
Arab Today, arab today 'Lady Beast' fights for girl gamers

GMT 10:27 2017 Sunday ,24 September

'Lady Beast' fights for girl gamers
Arab Today, arab today Psychologists help Mexico deal

GMT 05:05 2017 Sunday ,24 September

Psychologists help Mexico deal
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Carmakers face billions in European

GMT 12:37 2017 Saturday ,23 September

Carmakers face billions in European
Arab Today, arab today Mercedes pumps 1 bln euros    

GMT 06:04 2017 Friday ,22 September

Mercedes pumps 1 bln euros    
Arab Today, arab today Lebleba is preoccupied in filming 'Back Street'

GMT 08:56 2017 Thursday ,21 September

Lebleba is preoccupied in filming 'Back Street'
Arab Today, arab today Big Western brands polluting oceans

GMT 20:10 2017 Saturday ,23 September

Big Western brands polluting oceans

GMT 08:59 2017 Wednesday ,20 September

Youssra prepares for launching her program

GMT 10:16 2017 Friday ,22 September

All eyes on May as she prepares

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 12:01 2017 Wednesday ,20 September

Puerto Rico, Virgin Islands brace

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 08:39 2017 Friday ,22 September

New Hurdles as Republicans Rush

GMT 06:49 2017 Friday ,22 September

O'Leary: Could ground more planes

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 12:46 2017 Thursday ,21 September

Google likely to buy stake in Taiwan smartphone maker HTC

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
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