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BP set to sell its stake in Russian venture
Washington Post BP has agreed to sell its half of a troublesome but lucrative joint venture in Russia to the state-controlled firm Rosneft for about $ 28 billion in cash and stock, the company announced on Monday. The two-step deal will leave BP with $ 12.3 billion in cash, … Rosneft to buy TNK-BP in two-step deal Rosneft to Buy Entirety of TNK-BP BP agrees $ 26bn deal with Rosneft |