Russia Russia appears poised to approve deals that would all but double the size of the state oil company Rosneft , bringing more than half of the country's oil industry under government control for the first time since the early 1990s and creating a new player on the world stage.
FULL ARTICLE AT International Herald Tribune
1 of 1
Russian President Vladimir Putin (L) is seen as close to Rosneft's chief Igor Sechin (C)
12 British Petroleum's Board of Directors has unanimously voted in support of the sale of company's TNK-BP share to Rosneft, reports Kommersant Daily. The deal could make the Russian state-owned enterprise the world's biggest listed oil company.