BP to sell 50% TNK-BP stake to Rosneft

Oil giant BP has announced it plans to sell 50% of its share in TNK-BP to Russian oil and gas firm Rosneft for cash and shares. Under the agreement, the UK firm will get $17.1 billion (£10.7 billion) in cash and 12.84% stake in Rosneft. BP intends to use $4.8 billion (£3 billion) of the […]