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19.75%
- BP had entered Russian oil production soon after the collapse of the Soviet Union. It bought a stake in a small Russian producer in 1998 and through a series of deals came to own 19.75% of the Russian company in 2013.
The bp board today announced that bp will exit its shareholding in Rosneft. bp has held a 19.75% shareholding in Rosneft since 2013. Additionally, bp chief executive officer Bernard Looney is resigning from the board of Rosneft with immediate effect.
- Ukraine Response
bp donates to UK fire service ‘mega-convoy’ bp has donated...
- bp’s position in Russia
On 27 February 2022, bp’s board decided that bp would exit...
- Ukraine Response
Feb 27, 2022 · LONDON, Feb 27 (Reuters) - BP is abandoning its stake in Russian oil giant Rosneft in an abrupt and costly end to three decades of operating in the energy-rich country, marking the most...
Mar 9, 2022 · Within three days of Looney's summoning his team, BP announced it was abandoning its Rosneft stake at a cost of up to $25 billion, becoming the first major Western company to pull out.
Dec 9, 2022 · On 27 February 2022, bp’s board decided that bp would exit its 19.75% shareholding in Rosneft and its other business in Russia. bp was the first international company to announce such an exit. That decision remains unchanged and bp has no intention of returning to business as usual in Russia.
Feb 27, 2022 · BP to sell its stake in Russia’s state oil company Rosneft. BP said it would also exit three other joint ventures with Rosneft, potentially bringing an end to a lucrative, if often...
Feb 27, 2022 · BP is to offload its 19.75% stake in Russian state-owned oil firm Rosneft after Russia's "act of aggression in Ukraine". The oil giant had come under pressure from the UK government...
Feb 27, 2022 · BP said Sunday it is exiting its share in Rosneft, a state-controlled Russian oil and gas company, in reaction to Russia’s invasion of Ukraine. BP has held a 19.75% stake in Rosneft since 2013. That stake is currently valued at $14 billion.
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