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Sinopec, Cnooc Eye BP Stake in BP-TNK JV

China Petroleum & Chemical Corp. (0386.HK), or Sinopec, and Cnooc Ltd. (CEO) are eyeing up BP PLC's (BP.LN) £14 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. Write to London Bureau at

Stock News for China Petroleum (SNP)
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)
04/29/201511:19:00Sinopec Announces 2015 First Quarter Results
04/27/201518:31:22ADR Shares End Mixed; Teva Declines
04/27/201505:57:46Asian Shares Rise, Mining Stocks Lift Sydney -- 2nd Update
04/27/201505:41:07ASIA MARKETS: Chinese Stocks Rally On State-firm Merger Report
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...
04/09/201516:00:03Is China's Big Oil Bet Going Bust?
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...
03/22/201507:50:00Sinopec announces 2014 full year results
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

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