Oil giant BP has agreed to sell its 50% stake in TNK-BP to Russia's Rosneft in return for cash and shares.
The UK firm will get $17.1bn (£10.7bn) cash and a 12.84% stake in Rosneft, enabling BP to continue to share in Russia's vast energy resources.
BP has agreed to eventually use some of the cash to buy further Rosneft shares, taking its stake to 19.75%.
Rosneft is also buying the other half of TNK-BP from the AAR consortium of Russian billionaires for $28bn.
Companies active in Russia's energy sector have come under political pressure in the past.
However, this deal has the blessing of the Russian President Vladimir Putin, who said state-controlled Rosneft had made a good deal at a good price: "This is a good, large deal that is necessary, not only for the Russian energy sector but also the entire economy."
Lucrative ventureThe acquisition of the stake in TNK-BP, one of Russia's biggest oil firms, will give Rosneft around half of Russia's energy sector and make it the world's largest publicly-traded oil group.
BP said that once the proposed transaction gets the necessary shareholder and regulatory approval, it will use $4.8bn of the cash received on buying a further 5.66% of Rosneft shares.
Although BP's involvement in the Russian joint venture has been lucrative, paying billions of dollars in dividends to the UK company, relations with its partners have often been fraught with disagreement.
As well as internal wrangles, BP employees at TNK-BP have fallen foul of Russian authorities, leading in 2008 to the arrest of two managers and the sudden departure of the then head of TNK-BP, Bob Dudley, from Russia.
He is now head of BP itself.
A tie-up with Rosneft would keep BP in Russia so that it can continue to explore and exploit the country's vast energy resources, including in the Arctic region. Rosneft would be able to tap into BP's expertise in exploring in difficult and potentially hazardous conditions.
Rosneft said it would have BP representatives on its board and that it would "benefit from BP's significant experience and successful track-record of applying best international practices in Russia".
Anda sedang membaca artikel tentang
BP sells TNK-BP stake to Rosneft
Dengan url
http://beritaberbagiceria.blogspot.com/2012/10/bp-sells-tnk-bp-stake-to-rosneft.html
Anda boleh menyebar luaskannya atau mengcopy paste-nya
BP sells TNK-BP stake to Rosneft
namun jangan lupa untuk meletakkan link
BP sells TNK-BP stake to Rosneft
sebagai sumbernya
0 komentar:
Posting Komentar