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BP sells Siberia stake to Gazprom |
| Home | (BBC News) - British oil firm BP has sold its stake in a Siberian gas field development to Russian state-controlled firm Gazprom. BP's Russian joint venture TNK-BP has agreed to sell Gazprom its majority interests in the giant Kovykta field for between $700m-$900m (£350m-£450m). Analysts said this is a fraction of what TNK-BP's stake is worth, and that it is the latest example of the Kremlin forcing out Western energy firms. |