The latest developing story on the oil and gas front is that the billionaire partners holding a 50 percent share in TNK-BP (MICEX-RTS: TNBP) are going to bid for BP plc (NYSE:BP)’s half of the share. The entire stake amounts to a total of $32 billion, by last year’s estimates, and the strategy would be to bid rather than just simple buying. TNK-BP (MICEX-RTS: TNBP) is Russia’s 3rd largest crude oil producer and is ranked among the top ten of the world’s major oil producers. The ownership of the company is divided between BP and Russian business tycoons represented by AAR (Alfa-Access-Renova) consortium. In early…
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