• 2 minutes U.S. Presidential Elections Status - Electoral Votes
  • 5 minutes “Cushing Oil Inventories Are Soaring Again” By Tsvetana Paraskova
  • 7 minutes United States LNG Exports Reach Third Place
  • 1 hour https://www.prageru.com/video/whats-wrong-with-wind-and-solar/
  • 21 mins The World Economic Forum & Davos - Setting the agenda on fossil fuels, global regulations, etc.
  • 50 mins Here it is, the actual Complaint filed by Dominion Voting Machines against Sydney Powell
  • 2 days Pollster Frank Luntz released a poll today showing 90% of those that voted for Trump in November would vote for him again.
  • 2 hours JACK MA versus Xi Jinping
  • 2 days Do Republicans like Liz Cheney, Adam Kinzinger, Mitt Romney and now McConnell think voting for Impeachment can save the party ? Without Trump base what is the Republican constituency ? It's over.
  • 21 hours Tonight Twitter took down Trump's personal account permanently. Trump responded on the POTUS account.
  • 1 day A Message from President Donald J. Trump - 5 minutes from The White House directly
  • 36 mins Researchers Are Harvesting Precious Metals From Industrial Waste
  • 2 days Minerals, Mining and Industrial Ecology
  • 2 days a In 2020, we produced and delivered half a million cars.
  • 2 days Trump Supporters Just Handed a Huge Propaganda Victory to China
  • 2 days ICE Engines Hear to Stay Regardless of War Against
Has Big Oil Turned Its Back On Alaska?

Has Big Oil Turned Its Back On Alaska?

Alaska recently attempted to auction…

U.S. Shale Is Gaining Influence Over Oil Markets

U.S. Shale Is Gaining Influence Over Oil Markets

Saudi Arabia, the leader of…

Charles Kennedy

Charles Kennedy

Charles is a writer for Oilprice.com

More Info

Premium Content

TNK-BP Billionaires Seek New Oil & Gas Prowess

Check out this new player on the global oil and gas scene: The former owners of TNK-BP and the Alfa Group, are looking for somewhere to put the $14 billion they made on the sale of TNK-BP Russian venture last year.

They’re shopping around right now in full force, and they’ve got their eyes on the oil industry in a big—global—way. Behind this are Mikhail Fridman and German Khan of the Alfa Group.

In an interview with Bloomberg, Stan Polovets--CEO of the Alfa-Access-Renova Consortium that own TNK-BP along with the BP Plc—the new team is in the process of creating a new global oil and gas investment company, which will also dabble (heavily) in telecommunications. Alfa owns VimpelCom Ltd (VIP), which has merged with Italy’s Wind Telecom SpA.

Related article: The Darker Side of Renewable Energy

Right now, they’re looking for investment opportunities, but not interested in any more shareholders. 

Last year, TNK-BP sold out to Russian state-run OAO Rosneft for $28 billion. The Alfa-Access-Renova Consortium got $14 billion, while BP got $12.3 billion and an 18.5% stake in Rosneft. The deal should be finalized later this month or early next.

The Alfa Group is Russia’s largest privately owned investment firm right now, and the new oil-gas-telecoms enterprise could be launched as early as May. It doesn’t have a name yet, but officers are being set up in Moscow and London, and investments will span Russia, the Commonwealth of Independent States (CIS), North America, South America, Africa and Asia.

By. Charles Kennedy of Oilprice.com


Download The Free Oilprice App Today

Back to homepage





Leave a comment

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News