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CORRECT: TNK-BP Hopes To Close Brazil Buy Within Month, Eyes Other Assets

("CORRECT: TNK-BP Hopes To Close Brazil Buy Within Month, Eyes Other Assets" at 1420 GMT and "TNK-BP Hopes To Close Brazil Buy Within Month, Eyes Other Assets" at 1203 GMT misstated the name of the Venezuelan company in the sixth paragraph. The correct version follows:) ST. PETERSBURG -(Dow Jones)- BP PLC's (BP) Russian joint venture TNK-BP Ltd. (TNBP.RS) hopes to close a deal to buy a 45% stake in an oil and gas deposit in Brazil's Solimoes region from Petra Energia SA within one month, the company's Deputy Chief Executive Maxim Barsky said Friday. "We have already agreed on this deal. Now we await approval from the board," Barsky said. If the deal goes through, TNK-BP will partner with Brazil's HRT Participacoes em Petroleo SA (HRTP3.BR)--the operator and owner of 55% of the Solimoes blocks. A person familiar with the situation said last month that TNK-BP may pay as much as $1 billion for the 45% stake. The Solimoes blocks cover an area of 48,500 square kilometers. According to U.S.-based petroleum consulting company DeGolyer and MacNaughton, HRT's stake holds 542 million barrels of oil equivalent, of which 84% is natural gas. The company may also increase its stake in Venezuela's Petromonagas to 40% from the current 17%, Barsky said. Venezuelan state energy company PDVSA has invited TNK-BP to increase its stake in Petromonagas to 40%, Barsky said. TNK-BP closed a deal this week to buy three Venezuelan assets from BP. The deal included a 17% stake in Petromonagas, a 40% stake in Petroperija SA and a 26.7% stake in Boqueron SA. Barsky also confirmed his company is interested in a 53% stake in Poland's second-largest refiner Grupa Lotos SA (LTS.WA), currently put on sale by the country's government which holds the stake. -By Jacob Gronholt-Pedersen, Dow Jones Newswires, +8 916 475-93971; jacob.pedersen@dowjones.com

Stock News for Engelhard (EC)
DateTimeHeadline
07/28/201518:00:00Ecopetrol announces important hydrocarbon discovery in Colombian...
07/28/201518:00:00Ecopetrol announces important hydrocarbon discovery in Colombian...
07/27/201517:23:19Report of Foreign Issuer (6-k)
07/23/201514:53:00Total Gabon: RESULTATS DU PREMIER SEMESTRE 2015
07/23/201509:01:52Report of Foreign Issuer (6-k)
07/21/201512:38:00Total Gabon : Nombre total d’actions et de droits de vote au 3...
07/20/201506:08:48Report of Foreign Issuer (6-k)
07/19/201520:27:00Ecopetrol Announces Decisions by the Board of Directors
07/19/201520:27:00Ecopetrol Announces Decisions by the Board of Directors
07/02/201506:05:15Securities Registration (section 12(b)) (8-a12b)
07/01/201520:52:00Standard & Poor's Maintains Ecopetrol S.A.'s Long Term Corporate...
07/01/201520:52:00Standard & Poor's Maintains Ecopetrol S.A.'s Long Term Corporate...
06/29/201506:02:04Report of Foreign Issuer (6-k)
06/25/201516:03:20Report of Foreign Issuer (6-k)
06/25/201514:03:14Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
06/25/201508:58:00Moody's Maintains Ecopetrol S.A.'s International Long Term Rating...
06/25/201508:58:00Moody's Maintains Ecopetrol S.A.'s International Long Term Rating...
06/25/201506:02:40Report of Foreign Issuer (6-k)
06/25/201506:02:39Report of Foreign Issuer (6-k)
06/24/201520:20:00Ecopetrol S.A. Presents the Details of the 2014 Earnings Distribution...

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