Russian-British TNK-BP interested in BP in Algeria

ALGIERS – The Russian-British oil TNK-BP is interested in buying assets of BP in Algeria, said Wednesday its chief, billionaire Mikhail Fridman, a member of the business delegation accompanying Russian President Dmitry Medvedev on a one-day visit in Algiers.

“We want the future of (Algerian assets of BP) is positively resolved” in favor of TNK-BP, Fridman said to the press.

BP group, in search of cash after the oil spill in the Gulf of Mexico, wants to sell its assets in Algeria and negotiations are underway with TNK-BP, according to the press…read more 

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