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).
A logo of Russian state oil firm Rosneft is seen at its office in Moscow, October 18, 2012. REUTERS/Maxim Shemetov
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