Markets

BP plans to keep its stake in Russia's Rosneft unchanged

Published June 15, 2016 Updated June 15, 2016 12:22pm

1 min

By Shoaib Ur Rehman

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MOSCOW: International oil major BP plans to keep its stake in Russian oil giant Rosneft at the current level, Interfax news agency reported on Wednesday, citing BP's Chief Executive Bob Dudley.

Russian government plans to sell a stake in Rosneft as part of its privatisation programme.

BP owns a 19.75-percent stake in Rosneft.

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