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CEO of Rosneft says BP still remains major stakeholder

CEO of Rosneft says BP still remains major stakeholder
© Reuters. FILE PHOTO: Chief Executive of oil producer Rosneft Igor Sechin attends a meeting with Russian President Vladimir Putin at the Novo-Ogaryovo state residence outside Moscow, Russia February 15, 2021. Sputnik/Mikhail Klimentyev/Kremlin via REUTERS

(Reuters) – Igor Sechin, the head of Russian oil major Rosneft, said on Saturday that BP (NYSE:BP) still remains its largest private shareholder despite having announced its departure in February after Moscow sent troops into Ukraine.

Speaking at the St Petersburg International Economic Forum, Sechin, a long-standing ally of President Vladimir Putin, said BP also still owns stakes in large-scale Rosneft projects including Taas Yuriakh, Kharampurneftegaz and Yermak Neftegaz.

He said dividends accruing to BP would be transferred to special accounts, but did not elaborate further.

Source: Investing.com

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