Feb 9, 2011

TNK-BP troubled with field auction



Gazprom controls Russian access to Asian markets, complicating an auction for shares of one of the biggest gas fields in Russia, TNK-BP complains.
TNK-BP, an Anglo-Russian venture between Russian business tycoons and British energy company BP, said it delayed an auction for the Kovykta field for two weeks. The field was to go on the auction block last year after owner Rusia Petroleum, co-owned by TNK-BP, filed for bankruptcy.
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Source: UPI.com

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