The Russian shareholders of Russian-British joint venture TNK-BP are not negotiating with BP on the acquisition of its stake in the company, TNK-BP Executive Director and co-owner German Khan said on Tuesday.
"BP will not discuss selling its stake," Khan said, adding that the company was not planning to sell any of its assets.
Earlier this week a report in The Times claimed a sale of BP assets would take place.
TNK-BP is owned on a parity basis by BP and Russian consortium AAR, with 25 percent belonging to billionaire Mikhail Fridman's Alfa Group, 12.5 percent to Viktor Vekselberg's Renova and 12.5 percent to Leonard Blavatnik's Access Industries.
MOSCOW, July 27 (RIA Novosti)
