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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
04/22/201502:40:23Sinopec Group Sells $6.4 Billion in Bonds
04/22/201502:03:33Sinopec Group Sells $6.4 Billion in Bonds, Asia's Third-Biggest...
04/13/201507:15:00China Petroleum & Chemical Corporation Files 2014 Annual Report...
04/10/201509:57:43Australian LNG exporter offers six-month supply ahead of project...
04/09/201516:00:03Is China's Big Oil Bet Going Bust?
04/08/201516:11:05Are Iran's Crude Supply Fears Overblown?
04/07/201516:57:27Iranian Officials Travel to Beijing to Discuss Oil Deals -Sources
04/07/201516:56:34Iranian Officials Travel to Beijing to Discuss Oil Deals, Sources...
03/26/201508:49:09PetroChina to cut 2015 spending by 8.8% as oil prices hit profits
03/23/201507:58:02Sinopec cuts 2015 capex by 12% ($22B), warns on Q1 profit
03/22/201507:50:00Sinopec announces 2014 full year results
03/19/201503:30:17Australia Pacific LNG Start-Up Imminent, A Boon For ConocoPhillips
03/05/201504:04:11ASIA MARKETS: Chinese Stocks Decline Amid Fears Of An Economic...
02/18/201502:29:03Asian Shares Rise as Greece Tensions Ease--Update
02/17/201518:36:20ADR Shares End Higher; Chinese Oil Majors' Shares Rise
02/05/201508:00:00Canadian Company Leads Next Shale Boom in Argentina
01/28/201513:14:36Argentina's YPF, China's Sinopec to Join in Oil-and-Gas Projects
01/16/201500:46:385 Stocks With Yield & Potential Growth -- Barron's Asia
01/01/201522:09:35Hilong's Growth is in the Pipeline -- Barron's Asia
12/10/201418:22:51ADR Shares End Lower; Shares of Oil Firms Fall

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