#Billionaire #OAORosneft Starts Talk BP to Buy Stake in Russian Venture - #StephenBierman #BrianSwint @BloombergNews #bennyquetell @resilient_ent #resilientmediaentertainment

OAO Rosneft, Russia’s state-owned oil producer, began talks to buy BP Plc (BP/)’s stake in TNK-BP as the U.K. oil company seeks to exit the venture jointly owned with a group of billionaires. Rosneft and BP have agreed to start discussions, the Moscow-based company said in a statement today. The billionaire partners are also in negotiations to buy some or all of BP’s stake in Russia’s third-largest oil producer, which UBS AG estimates has a fair value of $23 billion.  

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