Representatives of the Alfa Group, set to earn billion of dollars from the sale of Anglo-Russian oil venture TNK-BP, have sounded out former BP CEOs John Browne and Tony Hayward about investing jointly in international oil projects, Reuters reported on its website Wednesday.
Representatives of the Alfa Group, set to earn billion of dollars from
the sale of Anglo-Russian oil venture TNK-BP, have sounded out former BP CEOs
John Browne and Tony Hayward about investing jointly in international oil
projects, Reuters reported on its website Wednesday.
German Khan, one of four Russian businessmen who shared control of TNK-BP with
BP PLC (BP) for a decade, met Mr. Browne and Mr. Hayward and other potential
deal partners in
London
last
month, Reuters cited sources familiar with the discussions as saying.
Mr. Khan effectively heads TNK-BP and is Mikhail Fridman's partner in the Alfa
Group consortium.
The Alfa-Access-Renova consortium will receive cash of $28 billion for selling
their one-half stake in TNK-BP to Russian state-owned oil company OAO Rosneft
(ROSN.RS).
Alfa will get half of that and wants to reinvest much of the money in oil and
gas, as well as in telecoms, the sources said in the report.
The other two partners in AAR, mining tycoon Viktor Vekselberg of the Renova
Group and Len Blavatnik of Access Industries, are likely to bow out and focus
on other ventures and charity work, sources close to TNK-BP and AAR said.
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