Oil company BP plans to offload its 19.75% shareholding in Rosneft, a state-owned Russia oil firm.
BP released a statement on Sunday, saying it has held a nearly 20% shareholding since 2013. Both of the company’s nominated directors, including CEO Bernard Looney, will immediately resign from the Rosneft board and BP “will no longer report reserves, production or profit for Rosneft.”
Company chair Helge Lund said in the statement, “bp has operated in Russia for over 30 years, working with brilliant Russian colleagues. However, this military action represents a fundamental change. It has led the bp board to conclude, after a thorough process, that our involvement with Rosneft, a state-owned enterprise, simply cannot continue.”
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
BP Exiting Nearly 20% Stake in Russian Oil Giant Rosneft Over Ukraine InvasionBP says it’s exiting its share in Rosneft, a state-owned Russian oil and gas company in reaction to Russia’s invasion of Ukraine.
Lire la suite »
BP divests stake in Russian oil giant RosneftNEW: BP divests its 19.75% stake in Russian state-owned oil giant Rosneft
Lire la suite »
BP says it will 'exit’ its $14 billion stake in Russian oil giant Rosneft over Kremlin invasion of UkraineBritish oil giant BP said it is “exiting” its 20 percent stake in Russian oil giant Rosneft over Moscow’s invasion of Ukraine, in one of the biggest signs yet of the Western business world cutting ties over the Kremlin’s actions.
Lire la suite »
BP Offloads Stake in Russia's RosneftThe British oil giant held 20% of interest in the company.
Lire la suite »
BP Offloads Its Nearly 20% Stake in Russia's RosneftThe British oil giant held 20% of interest in the company.
Lire la suite »
Europe Bans Russian State-Backed Channels Russia Today, SputnikIn an unprecedented move, the European Union has blocked Russian state-backed channels so 'they will no longer be able to spread their lies to justify Putin’s war and to sow division in our union.'
Lire la suite »