British oil big BP reveals want to stay Rosneft shareholder: CEO Sechin

UK oil and gasoline firm, BP, introduced its withdrawal from Russia’s Rosneft however nonetheless stays a shareholder and reveals a want to remain regardless of the disaster with out actual losses, Rosneft CEO Igor Sechin mentioned on Saturday.

“Regardless of all statements about unconditional withdrawal from Russia, BP is to this present day and continues to be the biggest personal shareholder of Rosneft with a 19.75% stake. BP additionally continues to carry stakes in main joint ventures, together with Taas-Yuryakh, Kharampurneftegaz and Ermak Neftegaz,” Sechin mentioned throughout a plenary session on the St. Petersburg Worldwide Financial Discussion board.

In accordance with Sechin, these actions communicate somewhat of the corporate’s willingness to attend out the unfavourable geopolitical state of affairs with none actual losses.

“All these actions somewhat communicate of a want to stay an energetic participant in Rosneft… We see related actions from another Western majors,” Sechin emphasised.

The twenty fifth SPIEF takes place in St. Petersburg from June 15 to 18. Sputnik is an official media associate of the discussion board.


Leave a Reply

Your email address will not be published.