Showing posts with label Russia's oil sector. Show all posts
Showing posts with label Russia's oil sector. Show all posts

Friday, March 22, 2013

Rosneft pays out in historic TNK-BP deal completion

(Reuters) - 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 bigger oil producer than Exxon Mobil (XOM.N).