SITUATION REPORT

Russia: BP Agrees To Sell Its Stake In TNK-BP To Rosneft

Oct 22, 2012 | 13:33 GMT

Oil firm BP will sell its 50 percent stake in TNK-BP to Russian firm Rosneft in exchange for $17.1 billion in cash and a 12.84 percent stake in Rosneft, the BBC reported Oct. 22....

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