Russias Rosneft completes $56 bn TNK-BP takeover

West Australian
Thursday 21st March, 2013

MOSCOW (AFP) – Russia’s state oil giant Rosneft on Thursday announced the creation of the world’s largest listed oil company as it completed a $56-billion acquisition of the British and Russian stakes in the joint venture TNK-BP.The deal — completed in stages since October — creates a Kremlin-owned supergiant with fields and refineries stretching from Eastern Europe through Siberia to the Pacific Coast.”Congratulations on the completion of this deal,” President Vladimir Putin told a special ceremony attended by Rosneft chief executive Igor Sechin and his BP counterpart Bob Dudley.”In my opin…

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