NK Rosneft' OAO Acquires BP's Stake in Elvary Neftegaz ZAO-Interfax


Monday, 22 Apr 2013 12:31am EDT 

Interfax reported that NK Rosneft' OAO has bought BP's stake in Elvary Neftegaz ZAO, which his performing prospecting and exploratory work at the Kaygansko-Vasyukansky block under the Sakhalin-5 project. According to NK Rosneft' OAO's loan participation notes (LPN) prospectus, prior to December 17, 2012, the Russian company owned 51% of Elvary Neftegaz ZAO, and BP Holdings International BV had 49%. Afterwards, NK Rosneft' OAO acquired BP's stake in the project, therefore consolidating 100% of Elvary Neftegaz ZAO.