Russia's Rosneft to take over BP's interest in Russian oil exploration joint venture

Описание: (22 Oct 2012)
Moscow - 18 October 2012
1. Wide of BP fuel station in Moscow
2. Close-up of BP logo
3. Mid of pump attendant filling car
4. Wide of fuel station forecourt and fuel prices
5. Wide tilt down of BP-TNK building in Moscow
6. Close-up on BP-TNK logo
7. Wide of building
Moscow - 22 October 2012
8. Set up of Ildar Davletshin, oil and gas markets expert at Renaissance Capital
9. Close-up of finance TV screen
10. SOUNDBITE (English) Ildar Davletshin, oil and gas markets expert at Renaissance Capital:
"BP remains in Russia and if anything it replaces a private partner for a strategic national company which has much bigger access to resources in Russia and has much bigger political support in this country. So strategically the deal looks very positive for BP and they are able to monetise part of their investment with real cash."
11. Mid of trading floor
12. SOUNDBITE (Russian) Ildar Davletshin, oil and gas markets expert at Renaissance Capital:
"Oil and gas is a highly political sector, if you look at any country it's the central part of most of the political strategies of the government. But in the case of Rosneft there is some sign, hope, that the company will be more focused on value (after BP gains minority stake) rather than just pure politics or scale."
Moscow - 18 October 2012
13. Wide pan from Kremlin to Rosneft building
14. Close-up of Rosneft logo on building
15. Close-up of Rosneft plaque
FILE: Moscow - 20 June 2012
16. Wide pan of Rosneft news conference
17. Close-up of Igor Sechin, head of Rosneft, speaking at the conference
18. Mid of people listening
19. Zoom in to close-up of Sechin speaking
20. Mid of Sechin shaking hands with a conference participant
STORYLINE
Russian state-owned oil giant Rosneft strengthened its hold on the country's lucrative oil industry Monday when it sealed a $61 billion deal, buying TNK-BP, the joint venture between a group of Russian oil oligarchs, and BP, the British the energy company.
BP announced Monday that it had agreed to sell its 50 percent stake in TNK-BP to Rosneft for $17.1 billion in cash and a 12.84 percent stake in the Russian oil group.
In Moscow, Rosneft said it had agreed to buy the other 50 percent in TNK-BP from AAR for 28 (b) billion US dollars.
Rosneft said the deal with AAR is "entirely independent of the transaction with BP."
In its statement, BP said that it would use some of the money from its deal to raise its stake in Rosneft to 19.75 percent.
BP shares were up 1.1 percent to 455 pence (7.3 US dollars) following the announcement, while Rosneft shares were up 3 percent.
Russia is an increasingly important part of BP's business, accounting for a quarter of its oil production.
Despite its problems in Russia, BP's Chief Executive Bob Dudley has looked to the country's vast oil resources as a key ingredient to the company's recovery from the disastrous oil spill in the Gulf of Mexico.
Rosneft lies at the heart of BP's problem in the TNK-BP joint venture.
Dudley's hope in early 2011 of forging a partnership with Rosneft to explore for oil beneath the Arctic Ocean foundered on opposition from its partners in TNK-BP.
Four Russian billionaires, under the guise of a company called Alfa-Access-Renova, control the remaining 50 percent stake in the venture.
"BP remains in Russia and if anything it replaces a private partner for a strategic national company which has much bigger access to resources in Russia and has much bigger political support in this country," said Ildar Davletshin, oil and gas analyst at Renaissance Capital in Moscow.


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