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Analyses | | Ewa Fischer

Russia Rosneft announces it will take control of TNK-BP

On 22 October, Rosneft announced the conclusion of an agreement with BP to buy back 50% of shares in TNK-BP (which BP owns) for US$17.1 billion, as well as 12.85% of Rosneft own shares . For part of that sum ($4.8 billion) – after the…