BP on verge of tie-up with Rosneft

AOL Money Staff
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BP logo

BP is on the verge of a deal that will see it take a significant stake in what will be the world's largest publicly listed oil producer.


State-backed Russian energy firm Rosneft is looking to acquire BP's 50% stake in its troubled TNK-BP joint venture in a deal believed to be worth nearly 30 billion US dollars (£18.6 billion), the Financial Times said.%VIRTUAL-SkimlinksPromo%