Rosneft lodges bid for BP stake in TNK-BP: sources

Sources familiar with the actions of BP, Rosneft, their advisers and financiers said a bid had been submitted to BP that valued the whole of TNK-BP at over US$50 billion. Rosneft has already made an offer to BP's partners in the venture.

“BP is reviewing options (with regard to the offer),” said one source.

The sources in London, Moscow and elsewhere have painted a picture of a potential three-way deal that could emerge over the coming weeks, with some details set to be hammered out during a visit by Rosneft CEO Igor Sechin this week.

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