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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 michael.haddon@dowjones.com

Stock News for China Petroleum (SNP)
DateTimeHeadline
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
11/06/201404:11:27Top 5 China Power Plays -- Barron's Asia
11/06/201401:57:25Top 5 China Power Plays -- Barron's Asia
11/06/201400:19:17Top 5 China Power Plays -- Barron's Asia
11/05/201423:46:14Top 5 China Power Plays -- Barron's Asia
11/05/201423:00:22Top 5 China Power Plays -- Barron's Asia
10/30/201411:40:00Sinopec Announces 2014 Third Quarter Results
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...

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