BP said Friday that it had received unsolicited indications
of interest regarding the potential acquisition of its 50%
stake in Russian crude oil venture TNK-BP.
In light of those approaches, BP has notified Alfa Access
Renova of its intention to pursue a potential sale, it
There is no guarantee that a transaction will take place,
the company said.
TNK-BP is a leading Russian oil company, owned equally by BP
and Alfa Access Renova. The company was formed in 2003 as the
result of the merger of BPs Russian oil and gas assets
and the assets of Alfa Access Renova.
TNK-BP is vertically integrated with a diversified upstream
and downstream portfolio in Russia and Ukraine and
international interests in Brazil, Venezuela and Vietnam.