BP Will Switch Russian Partners Through a Deal With Rosneft

9:07 p.m. | Updated

MOSCOW — After years of feuding with a longtime Russian partners, a British oil hulk BP has rigourously filed for divorce and announced skeleton to pierce in with someone wealthier and some-more powerful: a Russian state oil association Rosneft.

On Monday, BP pronounced it had concluded to sell many of a business in Russia to Rosneft as partial of a formidable package of deals value a sum of $55 billion. The exchange would leave BP with a interest of scarcely 20 percent in Rosneft and about $12.3 billion in cash, permitting a association to pursue drilling opportunities in a Russian Arctic and settle billions of dollars in penalties to be imposed by the

Read full article: http://www.telegraph.co.uk/news/politics/david-cameron/9625660/David-Cameron-all-sentences-must-have-element-of-punishment.html

Related Posts

• BP Will Switch Russian Partners Through a Deal With Rosneft
• Euro Falls Against Dollar
• Anti-Syrian confidence central among passed in Beirut automobile explosve attack
• Government’s Chief Whip Andrew Mitchell has resigned
• Fox News Poll: Support for Obama Dips in Ohio
• 21 Dead in Meningitis Outbreak
• Bell: Turns out Roger Goodell isn’t all powerful
• Jessica & Justin’s Wedding Not So Star-Studded
• Microsoft to AMD Follow Intel Suffering From PC Weakness
• Dow Ends Week With a Thud
• US endorses Syria Eid ceasefire call
• Beirut explosve kills anti-Syrian comprehension official
• Spy force seals UN legislature success
• Polls open in ACT election
• Teens immoderate adult to 22 teaspoons of combined sugarine per day, news says

Source:
http://www.news.ezonearticle.com/2012/10/22/bp-will-switch-russian-partners-through-a-deal-with-rosneft/