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TNK-BP gets down to business.(News)(British Petroleum Company PLC and Tyumenneft)
The TNK-BP joint venture finally began operating on 1 September, formally completing the deal signed by the major and the owners of Tyumen Oil (TNK) at the start of this year. BP has decided to include TNK's share in Slavneft in the new company, but will exclude its own Sakhalin assets.
TNK-BP president and chief executive officer Bob Dudley said this week that the major has already transferred its initial $2.6bn cash payment to TNK owners Alfa Group and Access/Renova. And it has agreed to pay a further $1.35bn for half of TNK's 50pc stake in Slavneft.
Asset split
It is buying the stake at a considerable premium to the $1.86bn Sibneft and TNK paid …
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- Sibneft, TNK Snap Up Slavneft for $1.8Bln.
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News wire article from: Europe Intelligence Wire
December 19, 2002
700+ words
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- Slavneft is bought by Sibneft and TNK.
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News wire article from: Europe Intelligence Wire
December 16, 2002
700+ words
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- TNK and Slavneft slug it out again.(Tyumenneft)(Brief Article)
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Newspaper article from: FSU Energy
February 2, 2001
700+ words
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- Sibneft/TNK bury the hatchet over Slavneft.(Tyumen Oil (TNK))(Brief Article)
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Newspaper article from: FSU Energy
November 10, 2000
700+ words
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- Russian TNK-BP-Slavneft deal completed.
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News wire article from: Asia Africa Intelligence Wire
August 29, 2003
700+ words
