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Rosneft’s $55B TNK-BP Takeover Tops Exxon with 5% of World’s Crude in Soviet-Era Wells
Mar. 22, 2013 04:30AM PST
Resource InvestingBloomberg reported that OAO Rosneft’s $55 billion takeover of TNK-BP will make it bigger than Exxon Mobil, as the Soviet-era wells allow it to pump almost 5% of the world’s oil.
Bloomberg reported that OAO Rosneft’s $55 billion takeover of TNK-BP will make it bigger than Exxon Mobil, as the Soviet-era wells allow it to pump almost 5% of the world’s oil.
As quoted in the market news:
The new company, created yesterday, will be about 70 percent-owned by the Russian state and will employ 218,000 people, more than Exxon and Royal Dutch Shell Plc (RDSA) combined.