Support The Moscow Times!

TNK Looking at BP Algeria

TNK-BP Holding may be interested in acquiring BP assets in Algeria, The Wall Street Journal reported Friday, citing sources familiar with the matter.  

Discussions are at an early stage, and a deal is not imminent, the Journal reported. BP is also considering selling assets in Vietnam and Venezuela. If assets in all three countries are sold, it could net BP as much as $5 billion. Both companies declined to comment, the Journal reported.

(Bloomberg)


Read more

Independent journalism isn’t dead. You can help keep it alive.

The Moscow Times’ team of journalists has been first with the big stories on the coronavirus crisis in Russia since day one. Our exclusives and on-the-ground reporting are being read and shared by many high-profile journalists.

We wouldn’t be able to produce this crucial journalism without the support of our loyal readers. Please consider making a donation to The Moscow Times to help us continue covering this historic time in the world’s largest country.