Skip to content
Subscriber Only

Rosneft to Sell Gas-Processing Units Gained in TNK-BP Purchase

OAO Rosneft, Russia’s largest oil producer, may get as much as $2 billion for its 49 percent share in a natural-gas processing venture inherited with its TNK-BP purchase, according to analysts.

OAO Sibur, the Russian petrochemicals company owned by billionaires Leonid Mikhelson and Gennady Timchenko, will own 100 percent of the Yugragazpererabotka venture after the purchase, according to an e-mailed statement from both companies, which did not disclose a price.