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Daily Mirror
Daily Mirror
Business
Emma Munbodh

BP offloads 19.75% stake in Russian oil giant Rosneft with immediate effect

British Petroleum Rosneft Russia Ukraine Bernard Looney

BP is to offload its 19.75% stake in Russian state-owned oil firm Rosneft with immediate effect.

The firm's chief executive Bernard Looney is also resigning from Rosneft's board along with its other Rosneft director, Bob Dudley, the oil firm said in a statement.

The statement said Russia's invasion of Ukraine "caused us to fundamentally rethink BP's position with Rosneft".

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