bp says to continue rosneft talks after deal lapses
Last Updated : GMT 09:40:38
Themuslimchronicle, themuslimchronicle
Themuslimchronicle, themuslimchronicle
Last Updated : GMT 09:40:38
Themuslimchronicle, themuslimchronicle

BP says to continue Rosneft talks after deal lapses

Themuslimchronicle, themuslimchronicle

Themuslimchronicle, themuslimchronicleBP says to continue Rosneft talks after deal lapses

LONDON - AFP

British energy giant BP said on Tuesday that it will continue talks with Rosneft after the lapse of its Arctic exploration and share-swap deal with the Russian state oil giant. BP issued a statement with the Russian shareholders in its joint venture in Russia, TNK-BP. Those shareholders -- known as Alfa Access Renova (AAR) -- had obtained a court injunction against the Rosneft deal, claiming it violated their TNK-BP agreement. \"In recent months, BP has conducted detailed negotiations with AAR and Rosneft to seek a reasonable and businesslike solution that would allow the agreements to proceed to the satisfaction of all parties. Such a solution has not been found at this time, although talks will continue,\" the statement said. Rosneft has pulled out of its strategic alliance with BP and will look for new partners in Arctic oil exploration, Interfax quoted a source close to the state-held company as saying Tuesday. \"This entire time, Rosneft has been keeping to a constructive position,\" the source told the Russian news agency. \"This is confirmed by the fact that it agreed to extend the deadline, and also expressed readiness to buy out AAR\'s share jointly with BP for a premium price,\" the source said. AAR represents the four Russian shareholders who control half of BP\'s local venture TNK-BP. The Russian state-held company was now looking for new partners for its Arctic projects, the unnamed source added. Rosneft had earlier agreed to extend the deadline by which the $16 billion share swap and joint exploration deal could be reached until Monday. News reports said BP and Rosneft had been willing to pay more than $30 billion (21.1 billion euros) for the Russian partners\' stake. The partners had earlier successfully challenged the tie-up in court and refused to sell their stake for prices proposed by the two companies.

themuslimchronicle
themuslimchronicle

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

bp says to continue rosneft talks after deal lapses bp says to continue rosneft talks after deal lapses

 



Themuslimchronicle, themuslimchronicle
Themuslimchronicle, themuslimchronicle
Themuslimchronicle, themuslimchronicle

GMT 17:35 2017 Wednesday ,27 December

Egyptian MP underlines Egypt’s ability

GMT 15:43 2011 Sunday ,15 May

US bid to save Louisiana cities

GMT 12:06 2012 Friday ,04 May

Is there a solution for Sudan?

GMT 07:43 2014 Tuesday ,12 August

Where is Assad on Gaza

GMT 07:44 2017 Tuesday ,07 February

Holding local elections requires dialogue

GMT 10:23 2016 Saturday ,16 January

Jazz parades and glittery parties

GMT 14:45 2017 Thursday ,07 September

NATO on guard ahead of major Russian war games

GMT 23:59 2011 Wednesday ,09 March

Exxon Scores Key Victory In Alaska

GMT 12:13 2011 Friday ,16 December

Beckham Style Icon for Over 50

GMT 13:53 2011 Tuesday ,28 June

De Gea confirms Manchester United offer

GMT 23:07 2012 Tuesday ,31 January

The Kardashian Sisters Topless

GMT 08:21 2011 Wednesday ,28 December

Modern rocking chair

GMT 00:52 2011 Friday ,25 November

Graffiti as art in order-conscious Singapore
Themuslimchronicle, themuslimchronicle
Themuslimchronicle, themuslimchronicle
 
 Themuslimchronicle Facebook,themuslimchronicle facebook  Themuslimchronicle Twitter,themuslimchronicle twitter Themuslimchronicle Rss,themuslimchronicle rss  Themuslimchronicle Youtube,themuslimchronicle youtube  Themuslimchronicle Youtube,themuslimchronicle youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2023 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2023 ©

muslimchronicle muslimchronicle muslimchronicle muslimchronicle
themuslimchronicle themuslimchronicle themuslimchronicle
themuslimchronicle
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
themuslimchronicle, themuslimchronicle, themuslimchronicle