TNK-BP is a vertically integrated oil company with a diversified upstream and downstream portfolio in Russia and Ukraine. Its upstream operations are located primarily in Siberia and Volga-Urals region. In 2009 the company (excluding its 50% share in Slavneft) produced on average 1.69 million barrels per day (269 × 103 m 3 /d) of oil equivalent.

Mar 20, 2013 · Rosneft becomes holder of BP’s 50 per cent interest in TNK-BP in exchange for $16.65 billion in cash and 12.84 per cent of Rosneft shares; OFSC ROSNEFTEGAZ sells 5.66 per cent in Rosneft to BP in return for $4.87 billion in cash;

Oct 21, 2012 · Under the heads of terms Rosneft has agreed in principle to buy BP’s share in TNK-BP. The proposed transaction consists of two tranches: (i) BP would sell its 50 per cent shareholding in TNK-BP to Rosneft for $17.1 billion in cash and Rosneft shares representing a 12.84 per cent stake in Rosneft;

Mar 21, 2013 · Russian state oil company Rosneft <ROSN.MM> closed its deal to buy TNK-BP <TNBP.MM> from UK-based BP <BP.L> and four tycoons on Thursday, releasing $40 billion cash to the sellers and becoming a...

Jul 17, 2012 · BP announced today that it is beginning the next stage in the process, required under the TNK-BP shareholder agreement, regarding the potential sale of its shareholding in TNK-BP. This follows the decision of Alfa Access-Renova to exercise its right to enter a period of negotiation to purchase part/ all of BP’s 50 per cent share in TNK-BP.

Rosneft today announces that it has entered into an agreement in principle with BP to acquire its 50% interest in TNK-BP in exchange for $17.1 billion in cash and 12.84% Rosneft shares currently held in treasury.

Rosneft today announces the completion of transactions to acquire TNK-BP. Rosneft has finalised the deals to acquire BP’s 50% share in TNK-BP in exchange for $16.65 billion in cash and 12.84% of Rosneft shares. Separately BP acquires 5.66% of Rosneft shares from OFSC ROSNEFTEGAZ.

When the deal closed in late August, TNK-BP became one of the top ten private oil and gas companies in the world. In its first five years, TNK-BP delivered the highest total return among major Russian oil companies, paying over $20 billion in dividends, according to BP.

Dec 24, 2012 · Rosneft will buy out BP's half stake in TNK-BP for $17.1 billion in cash and 12.8 percent of its own shares, bringing down the curtain on a profitable but fractious alliance between BP and...

TNK-BP is one of the largest vertically integrated oil and gas groups in Russia in terms of both proved oil reserves and crude oil production. Its primary exploration and production operations are