Russian co-owners of TNK-BP dismissed Thursday rumors that they might be selling their shares in the Russian-British venture to energy giant Gazprom.
The TNK-BP, Russia's third largest company in terms of crude oil output, is co-owned by the Russian consortium AAR and British Petroleum on a parity basis.
"Speculations and rumors that AAR is planning to sell its stake in TNK-BP are groundless and untrue," the consortium said in a statement.
"The AAR consortium, which is a long-term strategic investor in TNK-BP, does not intend to exit the company's shareholder capital and has never held and is not holding any talks on the sale of its stake in TNK, which is an example of one of the most successful companies in the energy sector," the statement said.
The Russian business daily Vedomosti reported Thursday that Gazprom was willing to buy a controlling stake in the Russian-British joint oil venture TNK-BP by the end of the year for 20 billion U.S. dollars.
The AAR consortium, representing Alfa Group, Access Industries and Renova, holds a 50 percent stake in the energy company.
Source:Xinhua
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