Rosneft reportedly expects to take control to TNK-BP by April 1, three months ahead of schedule,...

|About: BP p.l.c. (BP)|By:, SA News Editor

Rosneft reportedly expects to take control to TNK-BP by April 1, three months ahead of schedule, as it buys the business from 50-50 owners AAR and BP. Early closure would put $12.3B cash into BP's coffers as it goes to trial in the U.S. over the 2010 Gulf of Mexico oil spill, and close a chapter in its history of Russian investments and start a new one as a 19.75% shareholder in Rosneft.