MOSCOW, Oct. 5 (UPI) -- Anglo-Russian venture TNK-BP plans to buy Vietnamese and Venezuelan assets from its sister company BP in the coming days, Russian sources revealed.
Sources in the board of executives for TNK-BP said the company plans to buy BP's natural gas assets in Vietnam and three oil developments in Venezuela, Bloomberg News reports.
British energy company BP is shedding some assets to cover debt incurred from the response to the oil spill in the Gulf of Mexico, the worst accidental offshore spill in the history of the industry.
BP already dumped some Asian assets when it sold some of its interest in Malaysian hydrocarbons in early September. TNK-BP announced in late September that it moved into the Vietnamese crude market with a one-year supply contract with its Vietnamese counterparts.
Venezuelan assets under consideration include stakes in oil fields producing around 120,000 barrels of oil per day, Bloomberg adds.
Mikhail Fridman, one of the primary shareholders in TNK-BP, said last month that his venture was ready to buy the assets from BP.
