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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
11/06/201404:11:27Top 5 China Power Plays -- Barron's Asia
09/17/201420:03:04Shanghai Leads the Way in Reform of State Enterprises
09/16/201401:00:20ASIA MARKETS: Hong Kong Stocks Continue Losing Streak After Weak...
09/16/201400:55:00ADR Shares End Mixed; Anheuser-Busch InBev Shares Trade Actively
09/15/201409:21:18Correction to China Mining Story on Sept. 11
09/10/201423:00:11China's Global Mining Play Is Failing to Pan Out
08/22/201416:59:09ADR Shares End Lower; Vodafone Shares Active
08/21/201417:18:07ADR Shares End Mixed; Sinopec, ABB Shares Active
07/02/201417:32:10ADR Shares End Mixed; Telefonica, Veolia Environnement Shares...
06/13/201404:30:07Asian Shares Mixed; Nikkei Shrugs Off Iraq Worries
06/10/201417:15:09ADR Shares End Mixed
05/12/201421:50:29Mitsubishi Chemical to Decide on Capital Alliance
04/29/201406:10:27ASIA MARKETS: Asia Shares Mixed As Australia Falls From Six-year...
04/29/201405:00:35Asia Markets Mixed as Australia Falls From Six-Year High
04/24/201417:35:36ADR Shares End Mixed; Unilever, AstraZeneca Shares Active
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

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