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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
11/24/201606:10:00China's Anbang Insurance Plans First International Bond Issue
11/22/201610:01:00Uganda Aims to Agree Refinery Partner Deal by Early Next Year
11/13/201602:41:00China Oil Companies' Push Into U.S. Faces Uncertainty With Trump...
10/27/201608:46:00Sinopec's Net Profit for 9M 2016 Up Over 10% y-o-y to RMB 30...
08/29/201600:30:00Stocks in Asia Fall After Comments From Fed
08/28/201607:00:00Sinopec Achieves Operating Profit RMB35.1 Billion in 1H2016
08/24/201623:10:00Asian Shares Lower With Markets Cautious Ahead of Fed Meeting
07/08/201601:10:00Asian Shares Mostly Lower
07/05/201618:34:00ADRs End Down; Oil and Gold Companies Trade Actively
07/05/201601:30:00China Stocks Rise on Reform Hopes
06/17/201608:40:00Spain's Repsol Faces $5.5 Billion Claim From China's Sinopec
04/28/201623:14:00China Petroleum & Chemical Corporation Files 2015 Annual Report...
04/28/201608:19:00Sinopec 2016 First Quarter's Net Profit Increases Over 200% YoY
04/27/201622:00:00Suncor Buys Out Murphy Oil Stake in Canada's Syncrude Oil Sands...
03/29/201609:09:00Sinopec Records Net Profit RMB 43.7 Billion in 2015
03/28/201619:10:00Chinese Bidder for Starwood Has Mysterious Ownership
02/23/201613:57:00Price-Moving China Oil Trades Fan Concerns -- Update
02/23/201611:03:00Price-Moving China Oil Trades Fan Concerns
01/21/201617:56:00ADRs End Mostly Higher; Pearson Rises
01/07/201618:02:00ADRs End Lower; China Firms, Oil Majors Decline

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