Friday, July 30, 2010

BP Sells Its Assets To Russian TNK-BP

BP offered Russian company TNK-BP to buy its assets in Venezuela, Executive director of TNK-BP Viktor Vekselberg reported.
'We are now in process of due diligence of the deal"- said the businessman. V. Vekselberg added that Venezuelan authorities do not object to this transaction to take place.
According to British media, BP may sell TNK-BP's minority stakes in two joint ventures for exploration and extraction of oil from the Venezuelan state company Petroleos de Venezuela. The possible value of the deal - $ 1 billion. However, BP's representative called these reports "rumors and speculation."

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