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1. 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...

2. 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...

3. www.bbc.com › news › business-60526891Ukraine conflict: BP under pressure to sell stake in Russian firm

   www.bbc.com › news › business-60526891

   Feb 25, 2022 · 25 February 2022. Getty Images. Oil giant BP is under pressure from the UK government to offload its 20% stake in the Russian state-owned oil firm Rosneft, the BBC has been told. Business...

4. financialpost.com › commodities › energyBP quits Russia in up to $25-billion hit after Ukraine invasion

   financialpost.com › commodities › energy

   Feb 27, 2022 · LONDON — 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 significant move yet by a Western company in response to Moscow’s invasion of Ukraine.

5. 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 · The world’s biggest sovereign wealth investor, Norway’s oil fund, has been instructed to freeze all new investments in Russia immediately. It’ll also start unwinding its existing $3bn worth of...

6. www.bbc.com › news › avWatch: Huge fire breaks out at Russian oil facility - BBC

   www.bbc.com › news › av

   Apr 24, 2024 · A huge fire has broken out at an oil facility in Russia after an attack by Ukrainian drones, sources say. Ukraine's intelligence service said its drones hit two facilities in the Smolensk region,...

7. People also ask

   Why did BP abandon Rosneft?

   • 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 significant move yet by a Western company in response to Moscow's invasion of Ukraine.

   BP quits Russia in up to $25 billion hit after Ukraine invasion

   www.reuters.com/business/energy/britains-bp-says-exit-stake-russian-oil-giant-rosneft-2022-02-27/

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   Is BP offloading a 20% stake in Rosneft?

   • Oil giant BP is under pressure from the UK government to offload its 20% stake in the Russian state-owned oil firm Rosneft, the BBC has been told. Business Secretary Kwasi Kwarteng spoke to BP boss Bernard Looney on Friday following Russia's invasion of Ukraine.

   Ukraine conflict: BP under pressure to sell stake in Russian firm | BBC

   www.bbc.com/news/business-60526891

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   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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   Who resigned from Rosneft?

   • Looney and his predecessor as CEO Bob Dudley will both step down from the board of Rosneft, which BP acquired a shareholding in as part of its $12.5 billion TNK-BP stake sale in 2013.

   BP quits Russia in up to $25 billion hit after Ukraine invasion

   www.reuters.com/business/energy/britains-bp-says-exit-stake-russian-oil-giant-rosneft-2022-02-27/

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   Will BP recover Rosneft?

   • Susannah Streeter, senior investment analyst at British retail stock broker Hargreaves Lansdown, said it will be "highly difficult" for BP "to recover anywhere near what was considered to be the full value" of Rosneft. Last week, Looney said that BP was sticking to its Russian business and would comply with any Western sanctions on Moscow.

   BP quits Russia in up to $25 billion hit after Ukraine invasion

   www.reuters.com/business/energy/britains-bp-says-exit-stake-russian-oil-giant-rosneft-2022-02-27/

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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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8. www.reuters.com › business › energyBP quits Russia in up to $25 billion hit after Ukraine invasion

   www.reuters.com › business › energy

   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...