03.21.07, 7:14 AM ET
LONDON (AFX) – TNK-BP has reiterated that its shareholders, led by oil giant BP PLC, are not selling shares, denying a news report the owners may be forced to share control of the Russian joint venture with state-run companies like Gazprom and Rosneft.
BP owns 50 pct of TNK-BP, while the remaining 50 pct is held by Russian partner Alfa and Access/Renova.
‘I feel it necessary to explain again that all speculation about a possible change of TNK-BP’s shareholding structure is not true,’ said Robert Dudley, chief executive of TNK-BP, in a statement.
The article, carried by the UK’s Guardian newspaper, said the change in the joint venture’s ownership could come at the end of this year, when the lock-up period for the shares expires.
It came amid pressure from the Russian government for TNK-BP to hand over part of the Kovykta gas project in east Siberia to a local partner such as Gazprom.
Late last year, intense pressure from the Russian state forced Royal Dutch Shell PLC to cede control of the giant 20 bln usd Sakhalin-2 project to Gazprom.
Gazprom paid 7.5 bln usd to get a 50 pct plus one share in Sakhalin-2, halving Shell’s stake to 27.5 pct, Mitsui & Co Ltd to 12.5 pct, and Mitsubishi Corp to 10 pct.
mbe/jag
Copyright AFX News Limited 2007.
This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.
Royal Dutch Shell conspired directly with Hitler, financed the Nazi Party, was anti-Semitic and sold out its own Dutch Jewish employees to the Nazis. Shell had a close relationship with the Nazis during and after the reign of Sir Henri Deterding, an ardent Nazi, and the founder and decades long leader of the Royal Dutch Shell Group. His burial ceremony, which had all the trappings of a state funeral, was held at his private estate in Mecklenburg, Germany. The spectacle (photographs below) included a funeral procession led by a horse drawn funeral hearse with senior Nazis officials and senior Royal Dutch Shell directors in attendance, Nazi salutes at the graveside, swastika banners on display and wreaths and personal tributes from Adolf Hitler and Reichsmarschall, Hermann Goring. Deterding was an honored associate and supporter of Hitler and a personal friend of Goring.
Deterding was the guest of Hitler during a four day summit meeting at Berchtesgaden. Sir Henri and Hitler both had ambitions on Russian oil fields. Only an honored personal guest would be rewarded with a private four day meeting at Hitler’s mountain top retreat.
IN JULY 2007, MR BILL CAMPBELL (ABOVE, A RETIRED GROUP AUDITOR OF SHELL INTERNATIONAL SENT AN EMAIL TO EVERY UK MP AND MEMBER OF THE HOUSE OF LORDS: 
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A head-cut image of Alfred Donovan (now deceased) appears courtesy of The Wall Street Journal.
