Energy: 3 oil firms buy 25% of Rosneft
(Shanghai Daily)
Updated: 2006-07-17 14:23
BP Plc, the second-largest publicly traded oil company, and state-owned
Malaysian and Chinese oil producers, bought about a quarter of the US$10.4
billion of shares sold in Russia's OAO Rosneft, which was Europe's biggest IPO
in seven years.
Malaysian state oil company Petroliam Nasional Bhd, or Petronas, bought
US$1.1 billion of stock, BP gained US$1 billion and China National Petroleum
Corp acquired US$500 million of shares, Rosneft Chief Executive Officer Sergei
Bogdanchikov said at the Group of Eight summit in St Petersburg,
Russia.
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