Get all your news in one place.
100's of premium titles.
One app.
Start reading
Evening Standard
Evening Standard
World
Bill McLoughlin

BP to offload 19.75% stake in Russian oil firm Rosneft

BP has surrendered its stake in the Russian company

(Picture: Getty Images)

BP is exiting its 19.75% shareholding in Russian oil giant Rosneft following pressure from the UK Government.

The oil firm’s chief executive Bernard Looney is also resigning from the Rosneft board with “immediate effect”, it said in a statement.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.