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1. www.reuters.com › business › energyExxon faces new pressure over dealings with Russia's Rosneft

   www.reuters.com › business › energy

   Feb 28, 2022 · Exxon Mobil likely will face new pressure to severe ties with Russia's largest oil producer, said analysts, after rival BP agreed to unload a Rosneft stake.

   • How Russia sold its oil jewel: without saying who bought it

     MOSCOW/LONDON/MILAN (Reuters) - More than a month after...

2. www.reuters.com › article › worldHow Russia sold its oil jewel: without saying who bought it

   www.reuters.com › article › world

   Jan 24, 2017 · MOSCOW/LONDON/MILAN (Reuters) - More than a month after Russia announced one of its biggest privatizations since the 1990s, selling a 19.5 percent stake in its giant oil company Rosneft, it still...

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4. www.ft.com › content › 8b4968fa-40d8-40ae-b2f9-f12cdBP to divest stake in Russian state-oil company Rosneft

   www.ft.com › content › 8b4968fa-40d8-40ae-b2f9-f12cd

   Feb 27, 2022 · BP is seeking to divest the near 20 per cent stake in Russian state-oil company Rosneft it has held since 2013 in the starkest sign yet of the corporate backlash against Moscow’s invasion of...

5. www.ctvnews.ca › world › bp-will-dump-its-20-stakeBP will dump its 20% stake in Russian oil giant Rosneft

   www.ctvnews.ca › world › bp-will-dump-its-20-stake

   Feb 27, 2022 · Lund said the Rosneft holding was no longer in line with BP's business and strategy. BP had come under pressure from the U.K. government over its ties to Russia, the Wall...

6. www.ft.com › content › 8bc97113-8bd5-4550-ab70-fceBP to sell its stake in Russia’s state oil company Rosneft

   www.ft.com › content › 8bc97113-8bd5-4550-ab70-fce

   Feb 28, 2022 · BP plans to divest its stake in Russia’s state-oil company Rosneft, Norway’s $1.3tn oil fund plans to sell out of Russia and US and Western allies to impose sanctions on Russia’s central bank and...

7. news.sky.com › story › ukraine-invasion-bp-toUkraine invasion: BP to offload its 19.75% stake in state ...

   news.sky.com › story › ukraine-invasion-bp-to

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   Feb 28, 2022 · BP's decision to offload its near-20% stake in Rosneft – an interest it has held for nearly a decade – is the most visible manifestation so far of mounting pressure on British corporate interests in Russia.

8. People also ask

   Will BP divest its Russian stake in Rosneft?

   • It’ll also start unwinding its existing $3bn worth of Russian holdings. This is part of a wider package of support for Ukraine. And in the UK, oil major BP announced that it will divest its 20 per cent stake in Russian state-oil company Rosneft. We spoke to the FT’s Tom Wilson about that.

   BP to sell its stake in Russia’s state-oil company Rosneft

   www.ft.com/content/5b0cbb79-35a2-413c-97bc-13d514320ff1

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   What impact will BP have on Rosneft?

   • So short-term, the immediate impact on Rosneft is not significant. BP was a 20 per cent shareholder, but a minority shareholder, was a passive shareholder, so they weren’t actually collaborating together on specific projects. So Rosneft can continue to pump oil from its oil projects and continue to sell that oil on the international market.

   BP to sell its stake in Russia’s state-oil company Rosneft

   www.ft.com/content/5b0cbb79-35a2-413c-97bc-13d514320ff1

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   Does BP own Rosneft?

   • And in the UK, oil major BP announced that it will divest its 20 per cent stake in Russian state-oil company Rosneft. We spoke to the FT’s Tom Wilson about that. This move is absolutely huge and if you’d asked me three days ago, completely unexpected, and BP’s been in Russia for 30 years and it’s held this stake in Rosneft for almost a decade.

   BP to sell its stake in Russia’s state-oil company Rosneft

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   Will BP abandon Rosneft?

   • BP on Sunday said it would take a $25 billion writedown to abandon its Rosneft holdings. read more read more Exxon holds a 30% stake, alongside Rosneft (ROSN.MM), Japan's SODECO and India's ONGC Videsh (ONVI.NS), in Sakhalin Island oil and gas fields in Russia’s Far East.

   Exxon faces new pressure over dealings with Russia's Rosneft

   www.reuters.com/business/energy/exxon-faces-new-pressure-over-dealings-with-russias-rosneft-2022-02-28/

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   Will BP divest Rosneft?

   • BP did not specify how and when it might divest the Rosneft stake. It could write off the shareholding, sell it back to Rosneft or find another buyer. Analysts have speculated that a state-backed Chinese or Middle Eastern group might be interested in the shareholding, but it is thought that BP could struggle to find a bidder.

   BP to divest stake in Russian state-oil company Rosneft

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   Can Rosneft continue to pump oil?

   • So Rosneft can continue to pump oil from its oil projects and continue to sell that oil on the international market. So it doesn’t hurt immediately, but long-term, it does huge damage to Rosneft’s reputation as a viable partner for international companies.

   BP to sell its stake in Russia’s state-oil company Rosneft

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9. www.ft.com › content › 5b0cbb79-35a2-413c-97bc-13dBP to sell its stake in Russia’s state-oil company Rosneft

   www.ft.com › content › 5b0cbb79-35a2-413c-97bc-13d

   Feb 28, 2022 · They could try and sell it back to Rosneft, which they might do, and if Rosneft agreed, they would pay a huge discount. Thirdly, they might try and find another buyer.