Gazprom Interested in Bidding for BP Russian, Caspian Assets, Times Says

Gazprom OAO is looking at assets in Russia and the Caspian region held by BP Plc as the U.K. oil company moves ahead with a $10 billion sale of international businesses, the London-based Times said, citing unidentified persons.

The holdings include BP’s 25.5 percent stake in the Shah Deniz project in Azerbaijan, the Times said, adding that no formal talks have been held. French oil company Total SA has also expressed interest in BP’s assets, the newspaper said.

To contact the reporter on this story: Kristen Schweizer in London at kschweizer1@bloomberg.net.

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