IHS Chemical Week

Regions :: Eastern Europe :: Russia

Rosneft to acquire the whole of TNK-BP for $54.8 billion in third largest oil deal ever (Update)

2:45 AM MDT | October 22, 2012 | Natasha Alperowicz

Rosneft has announced that it had agreed heads of terms with Alfa Access Renova (AAR) to acquire AAR's 50% interest in TNK-BP for $28 billion in cash. AAR is owned by a group of Russian billionaires, including Mikhail Fridman, Len Blavatnik, Viktor Vekselberg and German Khan.  The news follows an announcement on Monday that Rosneft signed heads of terms to buy BP's 50% share in the TNK-BP joint venture for $26.8 billion in cash and shares in Rosneft. The overall $54.8 billion purchase of TNK-BP is the third largest oil...

This information is only available to Chemical Week subscribers.


Forgot your user ID or password?
Click here to have it sent to you.

Not an IHS Chemical Week subscriber yet?

Here's why you should be:

  • 31 issues of Chemical Week magazine a year in print or digital format
  • Real time news and analysis on chemweek.com 
  • 20+ years of online archives
  • Topical e-newsletters that capture the most impactful events
  • Special issues with a regional or company focus
  • Global Outlook issue

Subscribe now


contact us | about us | privacy policy | sitemap

ihsCopyright © IHS, Inc.All rights reserved.Reproduction in whole or in part without permission is prohibited.

North Asia Russia Southeast Asia China India/Pakistan Middle East Eastern Europe Western Europe Central America Canada USA Australia/New Zealand South America Africa