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TNK-BP in Talks to Buy Two Itera Oil Fields, Kommersant Says

TNK-BP, the Russian oil producer half-owned by BP Plc, is in talks with OOO Itera to buy two oil fields in the Orenburg region, Kommersant reported, citing an unidentified person at the gas explorer.

The two fields are valued at about $100 million and could together produce as much as 400,000 metric tons of crude a year, or 8,000 barrels a day, Kommersant said.

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