Rosneft CFO: TNK-BP synergies worth $2.4 billion in next 3 Years

4/23/2013

Rosneft CFO: TNK-BP synergies worth $2.4 billion in next 3 Years

BY JAMES MARSON

MOSCOW -- Rosneft sees $2.4 billion of synergies over the next three years from its integration with oil company TNK-BP, which it acquired last month, CFO Svyatoslav Slavinsky said.

Total synergies from the merger are expected to reach $10 billion, he told a meeting of investors in London. Capex savings from the merger will be worth $3.4 billion, he said.

Rosneft last month acquired TNK-BP from BP and a group of Soviet-born billionaires in deals worth $60 billion.

Dow Jones Newswires

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