TNK-BP: The Writing is on The Kremlin Wall

TNK-BP: The Writing is on The Kremlin Wall


Russia state-owned oil major Rosneft’s $55bn buyout of both halves of TNK-BP will create the world’s largest listed oil company, with an output of 4.6mn barrels a day equal to US giant ExxonMobil.

Rosneft agreed to buy BP’s 50% of TNK-BP for $26.8bn in cash and shares and has an initial agreement to acquire the half of the company owned by AAR – a group of companies controlled by oligarchs Mikhail Fridman, German Khan, Viktor Vekselberg and Len Blavatnik - for $28b...


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