MarketWatch: Gazprom in talks to gain control over TNK-BP, report says
By Moscow Bureau
Last update: 3:09 a.m. EDT April 4, 2008
MOSCOW (MarketWatch) — Russia’s OAO Gazprom is in talks with TNK-BP half owned by U.K. oil major BP PLC to gain a 51% stake in the joint venture, the RBK Daily said Friday, citing two unnamed sources.
On Thursday, Gazprom’s Chief Executive Alexey Miller met with BP Chief Executive Tony Hayward and Viktor Vekselberg, one of the three Russian shareholders, to talks about a pre-announced deal over TNK-BP’s Kovykta gas field, Gazprom stated in a press release.
However, RBK Daily reported that Gazprom seeks to buy a 1% stake in the joint venture from BP, while at the same time buying out TNK-BP’s three Russian shareholders, which would give the state monopoly a controlling part in TNK-BP.
The sources also stated that a deal is unlikely to take place until after President-elect Dmitry Medvedev’s inauguration May 7, RBK Daily reported.
Speculation about a sale of a half-part in TNK-BP has been going on for two years, but so far the company’s shareholders have denied any talks.
Newspaper Web site: http://www.rbcdaily.ru
-Contact: 201-938-5400
Headline by John Donovan of www.royaldutchshellplc.com
This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.
EBOOK TITLE: “SIR HENRI DETERDING AND THE NAZI HISTORY OF ROYAL DUTCH SHELL” – AVAILABLE ON AMAZON
EBOOK TITLE: “JOHN DONOVAN, SHELL’S NIGHTMARE: MY EPIC FEUD WITH THE UNSCRUPULOUS OIL GIANT ROYAL DUTCH SHELL” – AVAILABLE ON AMAZON.
EBOOK TITLE: “TOXIC FACTS ABOUT SHELL REMOVED FROM WIKIPEDIA: HOW SHELL BECAME THE MOST HATED BRAND IN THE WORLD” – AVAILABLE ON AMAZON.
