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ROSNEFT IS POISED TO BUY BP'S HOLDINGS IN RUSSIA

THE long-running saga of BP's troubled Russian joint venture moved closer to a conclusion last night as it held talks on a deal with state-owned oil giant Rosneft. Igor Sechin, chief executive of Rosneft, flew in to London for discussions on buying out BP's 50 per cent stake in TNK-BP in a deal that could be worth as much as £17.5billion for the FTSE 100 group.

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ROSNEFT IS POISED TO BUY BP'S HOLDINGS IN RUSSIA

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