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Russian website examines TNK-BP's move to buy stake in Brazilian energy company.
Text of report by Russian Gazeta.ru news website, often critical of the government, on 18 July
Report by Yekaterina Gerashchenko, Gleb Klimentyev: "Amazon Flows Into TNK-BP: TNK-BP Buys 45% of Project in Brazil"
TNK-BP [Tyumen Oil Company-British Petroleum] is purchasing oil and gas production assets in the Amazon basin. The Russian-British SP [joint enterprise] is paying about US$1 billion for a share in the Brazilian company, Petra Energia. This is a platform for wide-scale expansion in South America, analysts believe.
TNK-BP has purchased 45% of an Brazilian oil and gas project in the microregion of Alto-Solimoes, in the state of Amazonas. The Russian-British company has signed an agreement to acquire a packet from Petra Energia. The sum of the deal has not been made …
