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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;

Stock News for China Petroleum (SNP)
04/04/201417:53:22ADR Shares End Mixed; RBS Shares Active
04/03/201413:36:26Sinopec Said Working With Goldman Sachs on $30 Billion Unit Sale-Bloomberg
02/19/201417:11:34ADR Shares End Lower; Sinopec Shares Active
01/24/201402:58:31BASF, SINOPEC to Build Isononanol Plant in Maoming, China
11/15/201309:01:37HBK Investments LP 3Q 13F: Largest Eliminations
11/15/201309:01:27HBK Investments LP 3Q 13F: Largest Eliminations -2-
11/15/201309:01:27HBK Investments LP 3Q 13F: Largest Sales
11/15/201309:01:27HBK Investments LP 3Q 13F: Largest Purchases
11/13/201310:07:23ASIA MARKETS: Hong Kong Shares Fall On Disappointing China Plenum
10/22/201305:20:05Russia and China Agree on Oil and Gas-Supply Deals
10/01/201316:56:17Brazil Limits Chinese Oil Firms to Joint Bids for Offshore Field
09/20/201317:10:36Brazil's Libra Oil Field Auction Will Have Two or Three Bids...
09/20/201303:10:14Asian National Oil Companies Top Brazil Bidders
09/06/201317:13:13ADR Shares End Higher After Weak U.S. Jobs Report
09/05/201308:44:14Outokumpu Asia President: China A "Growth Engine" for Global...
08/29/201320:33:47Apache to Sell Stake in Egypt Business to Sinopec for $3.1 Billion
08/25/201307:49:05Sinopec's First-Half Net Rises 24%, Outperforming PetroChina
08/11/201322:47:05ASIA MARKETS: Japan Stocks Fall After GDP Data; China Rises
08/07/201305:28:40ASIA MARKETS: Japan Stocks Slammed By Firm Yen As Asia Retreats
08/07/201301:09:33ASIA MARKETS: Asia Stocks Track U.S. Lower; Yen Slaps Japan

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