Russia’s Rosneft Acquires 5 Percent Stake in BP (NYSE:BP)

Filed in Bob Dudley, BP, Gold Bullion prices, o, Rosneft, shares, Vladimir Putin by on January 14, 2011 0 Comments

More news is coming out concerning the deal between BP (NYSE:BP) and the largest oil company in Russia: Rosneft. The latest is the Russian oil giant has taken a 5 percent stake in BP common shares in exchange for approximately 9.5 percent of Rosneft. BP and Russia have had a cooperation agreement in place since 2006, but this is the real first action that has been taken since then by the two

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