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Sinopec, Cnooc Eye BP's Stake In TNK JV - Report

LONDON -(Dow Jones)- China Petroleum & Chemical Corp. (0386.HK), or Sinopec, and Cnooc Ltd. (CEO) are eyeing up BP PLC's (BP.LN) GBP14 billion half stake in its Russian TNK-BP (TNBP.RS) joint energy venture, The Mail on Sunday reports. The newspaper said Rosneftegaz has also been instructed by the Russian government to approach BP. Meanwhile, BP has told leading shareholders they could be in line for a GBP10 billion windfall from the sale of its stake, The Sunday Telegraph reports. One top 10 shareholder said, "(BP) will keep half the money for new assets and give half back to shareholders," according to the newspaper. -London Bureau, Dow Jones Newswires; 4420-7842-9289; michael.haddon@dowjones.com

Stock News for China Petroleum (SNP)
DateTimeHeadline
01/21/201617:56:00ADRs End Mostly Higher; Pearson Rises
01/07/201618:02:00ADRs End Lower; China Firms, Oil Majors Decline
12/30/201517:23:00ADRs End Lower; Oil Majors Decline
12/28/201518:46:00ADRs End Mostly Lower; Oil Majors Decline
12/23/201517:27:00ADRs End Higher; Oil Majors Rise
12/21/201517:40:00Chevron Lines Up Chinese Buyer for LNG From Australia Projects
12/16/201500:08:00Asian Shares Rise Ahead of Fed Decision--2nd Update
12/07/201518:02:00ADRs End Lower; Oil Majors Decline
10/29/201512:07:00Sinopec Announces 2015 Third Quarter Results
10/28/201504:51:00Most Asian Shares Lower on Fed Jitters, Energy Sector--4th Update
10/28/201502:50:00Most Asian Shares Lower on Fed Jitters, Energy Sector--2nd Update
10/28/201500:22:00Most Asian Shares Lower on Fed Jitters, Energy Sector--2nd Update
10/05/201515:29:00China's Slowing Demand Burns Gas Giants
08/26/201518:04:00ADRs End Higher; Syngenta Declines
08/26/201511:33:00Sinopec Achieves Stable Operation in 1H2015 Dividend Payout RMB10.9...
06/12/201503:00:11Petronas Plans Gas Plant in British Columbia
06/10/201506:30:00Recon Technology, Ltd. Becomes a Qualified Contractor (Subcontractor...
05/20/201508:00:00Bigger Than the Bakken: Energy Companies Setting Their Sights...
05/06/201518:01:31ADR Shares End Mixed; Anheuser-Busch InBev Rises
04/29/201516:31:08China Petroleum & Chemical Corp Lifted to Buy at TheStreet (SNP)

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