Russian oil firm Rosneft signed an agreement with China National Petroleum Corp for the latter to purchase a 49% stake in the Russian oil producer's East Siberian venture.
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Investors seeking a higher violation for shares of OAO RN Holdings, a subsidiary of OAO Rosneft.
Rosneft CEO Igor Sechin said the price offer for minority shareholders of TNK-BP Holding was fair.
Rosneft deputy chairman Andrey Kostin said that even if the buyout of the minority share of TNK-BP Holding garnered criticism, the deal had followed good governance and legal practices.
Rosneft chief executive Igor Sechin said to reporters on Thursday that his company would be considering buying Lukoil's stake in its Venezuelan consortium.
Russian oil producer Rosneft announced on Monday that it would be buying out the minority shareholders of TNK-BP Holding for USD1.5 billion to complete its USD55 billion takeover of TNK-BP.
Russia's top crude producer Rosneft has hopes that it would be earning RUB439 million or USD13.8 billion after its acquisition of Moscow-based oil company TNK-BP.
Igor Sechin was quoted as saying the potash controversy between Belarus and Russia would not affect the business of the Russian oil giant.
Chief Executive Officer Igor Sechin of Rosneft bought more shares in the state-controlled firm, increasing his stake to USD 65 million.
Rosneft CEO Igor Sechin bought company shares amounting to USD 5.5 million.
Dominique Strauss-Kahn joins the Russian Regional Development Bank, a Rosneft-owned bank.
Rosneft gained full control of Itera by buying its 49% shares worth US$2.9 billion so it could expand the oil business.
Rosneft head Igor Sechin denies any takeover plans for PKN Orlen of Poland and Bashneft of Russia.
Russia's Rosneft agreed to double its oil supplies to China on Friday.
Rosneft expects to get EU approval of TNK-BP takeover.
