Russia's TNK-BP eyes BP's Venezuelan assets

Russia's TNK-BP, in which oil major BP has a 50 percent stake, said on Thursday it was considering buying BP's Venezuelan assets.

"TNK-BP supports the intent of its 50-percent shareholder BP to strategically realign its asset base in Venezuela and is actively evaluating the opportunity to participate in the assets," a company spokesman told Reuters.

"TNK-BP views this as an opportunity to further develop its international business portfolio and expand its presence in Venezuela, where it already has an investment in the Russian National Oil Consortium's joint venture with PDVSA," it said.

"We believe the realignment would be beneficial for both companies and would foster further development of Venezuela's oil sector".

[Source: Reuters, Moscow, 29Jul10]

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