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. Last Updated: 07/27/2016

BP Likely to Stay in Russia

BP will probably hold on to its half of TNK-BP, Russia’s third-largest oil producer, fellow shareholder Viktor Vekselberg said Tuesday.

“I think TNK-BP is a [diamond] in BP’s portfolio, and it would be the last decision from them,” Vekselberg told reporters in English when asked whether BP might seek to raise cash by selling the TNK-BP stake. “It’s a question to BP.”  

(Bloomberg)