FRANKFURT - New solar installations reached a fresh record of 7.5 gigawatts (GW) in Germany in 2011, playing into the hands of advocates for steeper cuts in tariff subsidies to reduce growth of solar power and the resulting higher costs for consumers.
Rosneft board approves deals with BP
MOSCOW (Reuters) - Russia's biggest oil firm Rosneft (ROSN.MM) said on Thursday its board had approved its deals with British oil major BP (BP.L).
The state-controlled company will buy a 50 percent stake in smaller rival TNK-BP (TNBP.MM) from BP for $17.1 billion in cash and 12.84 percent of Rosneft shares.
(Reporting by Maria Kiselyova)
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