European Commission Approves Rosneft TNK-BP Deal

RIA Novosti
Friday 8th March, 2013

MOSCOW, March 8 (RIA Novosti) – The European Commission gave approval on Friday to Russian state-owned oil giant Rosneft’s purchase of the TNK-BP oil company, and says it sees the deal as no barrier to competition in the European oil market. “The commision has closely analyzed the possible consequences of the deal. As with all such cases with state companies, the EC was interested in whether Rosneft operated independently of the state or government, or whether the state could use its control of state companies in the sector,” the EC said. “This question was ultimately left open as the propos…

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