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06Feb23

BP remains Rosneft shareholder -- CEO

BP said on February 27 that it would get rid of its 19.75% stake in Rosneft and withdraw from other joint projects with the Russian company

The UK-based BP is still the shareholder in Rosneft and has revised the value of its package (20%) to $24 bln, CEO of the Russian oil major Igor Sechin said at the India Energy Week.

"We see with the interest in audited annual statements that BP, which is our 20% shareholder, has revised the value of the Rosneft stake to $24 bln. That is, BP is still with us," Sechin said.

BP said on February 27 that it would get rid of its 19.75% stake in Rosneft and withdraw from other joint projects with the Russian company.

[Source: Tass, Bangalore, 06Feb23]
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