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Wednesday, April 08, 2009

Gazprom’s Eni Deal May Presage Move on TNK-BP, FT’s ‘Lex’ Says

April 8 (Bloomberg by Guy Collins) - OAO Gazprom’s $4.2 billion purchase of a 20 percent stake in its oil arm OAO Gazprom Neft from Eni SpA may presage a move on TNK-BP, BP Plc’s Russian joint venture, the Financial Times said today in its “Lex” column. “Gazprom moves a step closer to its ambition of building a giant oil company alongside its gas business,” according to the column. “And one step closer to having sufficient oil assets to slam into, say, a 51-49 percent merger with TNK-BP.”

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