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Future head of TNK-BP denied rumors about company's sale

July 27/2010

(Vedomosti) -- BP might sell half of its share in TNK-BP, joint-venture operating in Russia and Ukraine. Gazprom and Rosneft are the most probable buyers, but there is a possibility that company's assets in Vietnam, Argentina and Pakistan will be sold as well.


Deputy head of TNK-BP Maxim Barskiy denied rumors about possible sale of BP share in the JV. As far as I know, no negotiations about sale are going, and they dont intend to sell their share, - said Barskiy who is going to take over the seat of companys head on January 1, 2011, as per Reuters. However, the question about the sale of a part of BP's share in TNK-BP was on the agenda of yesterdays BP Board meeting.

Future head of THK-BP denied the rumors about company's sale







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