b.p. will be crucial for those needs to make sure that b.p. remains a successful enterprise as it historically has been in russia do you foresee a scenario in which the. he retains a nice share in seeing if they are as gone. i think the problem with ten k. b.p. and rosneft in particular is the dual structure like for rosneft it's a very hard to have two board of directors in my view one that rosneft one of ten good b.p. and the issue of corporate governance and tend to be people have to be addressed which basically means that rosneft has to control. is that hundred percent seventy five or fifty to one but the current structure with two partners have parity and equal rights and then the right independent directors it's probably not going to suit. you and probably b.p. will have to sell down as well even if it leaves but i'm very. skeptical that b.p. will keep full stake in after this deal all right thank you very much for your analysis that was in the senate from run this sense capital or oil and gas analysts there well that's it from the busin

here probably b.p. will have to sell down as well even if they are leaves various pieces skeptical that b.p. will keep. b.p. after this deal. i got a list of in some markets is the what's going on with europe because got a two day e.u. summit taking off. that means there's not much movement going on as we can see from the back is getting around three tenths of august that the euro is also experiencing a little movement in the sessions they vest is just holding tight to their positions the ruble is makes is staying with possibly check out the market to international q some support for the companies i was while they were kids actually getting now trading at one week high that's positive news coming from china with industrial production exhilarating and that's all we've got time for i believe laurie are we talking about man. just woman here at r t will be discussing iran's nuclear ambitions on the country's real intentions with academic dr long do stay with us if you come from. in. the strangest attempt of a. p

billionaire partners in russia shout for the stake in period expires after which b.p. will be free to sell to whichever company it likes the began as a still expected to make a bid but it's unlikely to succeed instead state oil giant is widely tipped to win the prize now ross taft has already secured a fifteen billion dollar loan which is expected to cover the tosh element of the deal the rest is likely to be in the form of a stake in ross nafta which would instantly catapult the british to being the biggest shareholder to the russian state now the four billion as the currently owned hall for b.p. will also be facing a new future this time with the russian state as poss a not a more malleable western oil they've been created this is something they don't want on the list so now looking at a scenario where if. the russian businessmen. themselves. sold to get by selling the businesses now even if they scrape together the funds to buy out is there a way. to sell to the russian oil giant in order to secure future interests in russia. meanwhile seem to be has failed to block the

just a few hours off to which b.p. will be free to sell to whichever company it light the billion as a still expected to make a bid but it's unlikely to succeed instead state oil giant is widely tipped to win the prize ross staff has already secured a fifteen billion dollar loan which is expected to cover the elements of the deal the rest is likely to be in the form of a stake in ross now which would instantly catapult the british to being the biggest shareholder to the russian state now the four billion as the haul for b.p. will also be facing in the future this time with the russian state caught in. a more malleable western oil they've been clear this is something they don't want and analysts are now looking at a scenario where if the russian businessmen have to be themselves well up sticks altogether by selling off of the business well now even if they scrape together the funds to buy out that is there a way. to sell to the russian state oil giant in order to secure its own future interests in russia. and that's how busi

as part of the deal b.p. will have to seek redress next nine person board russia is an important part of it is business accounting for about a quarter of its oil production b.p. has looked at the country's best resources as a key factor for the company's recovery from the disaster was always feel in the gulf of mexico maybe cham and how they move as an important day for b.p. the russian president vladimir putin expressed his delight as well this sends an excellent signal to the russian market and to the global energy market too and is further evidence of because. influence our partners have been working on the russian market this is a good deal a major deal of importance not just for the country's energy center but for the entire russian economy the deal will give crossness extra cash flow to finance exploration of russia's vest reserves to replace aging and depleted fields in a wider perspective they do shows that russian business environment is then enemy was a number of serious developments taking place in diff

whatever it is, b.p. will pay it. they will not have to pay it because you may remember they coughed up $20 billion a month after the spill because the vice president literally put his arm on the then c.e.o. of b.p. saying how about $20 billion now so the feds will take this money and disperse it. >>shepard: that goes to the states? alabama, mississippi, louisiana, florida? >>judge napolitano: there are two federal statutes one lets the federal government give it to the states for all their damages, damages to state property and reduction in taxes paid by people who lost income so they did not pay taxes to the state. the other statute only lets the federal government reimburse the states that have spent money to clean up the environment. only one state in the gulf coast has spent enough money to demand reimbursement from cleaning up the environment, which is louisiana. the other states, texas, alabama, mississippi, they also want money from the feds. my guess is that the feds will distribute that money to the states a

and its russian partners are at the end of the day b.p. willget twelve billion dollars in cash and twenty percent of rosneft stock for half of d.m.k. b.p. rosneft will buy the other half of the company from a a r for twenty eight billion dollars the deal will result in rosneft becoming the largest publicly traded oil company in the world controlling more than fifty percent of russia's oil exports but old guard of lechon from around cap says that doesn't really change the government's plans for privatization first of all even in these particular transaction rules enough to go as is selling vulnerable to five point seven percent stake i think the government has committed and reconfirmed the recently it's plans for a further privatizations in the in the economy including oil and gas so i think this is an intermediate step. and create the aimed at the.

and its russian partners a our at the end of the day b.p. will get twelve billion dollars in cash and twenty percent in rosneft stock for how fifty ok b.p. rosneft will buy the other half the company from a a r for twenty eight billion dollars the deal will result in draws now becoming the largest publicly traded oil company in the world controlling about fifty percent of russians oil exports but old guard of left ssion from around cap says that doesn't reverse the government's call for privatization. first of all even in these particular transaction rules naftogaz is selling the five point seven percent stake i think the government has to commute to and reconfirm the recently plans for. privatizations in the in the economy including oil and gas so i think this is an intermediate step. created through that aimed at the adding value to the assets that will be potentially sold off so i don't exclude privatizations in the future and i think overall tranche should not be. materially changed from after this deal actually. and staying with the energy s

become the second largest shareholder of the russian state owned enterprise and this will allow b.p. to take part in alpha in offshore oil exploration in the arctic. india has announced it will maintain all imports from iran at their current levels as that so countries search for ways to come to a commercial arrangement the latest e.u. sanctions ban all transactions with tehran putting pressure on new delhi's banks to avoid processing payments the western community has been dealing repeated economic blows to iran over its nuclear energy program which its feared it might one day become weaponized iran has always denied that claim but despite this the financial news has been tightening around terence trade and banking sectors and analyst three round sholay s. as the e.u. is overestimating its ability to control the situation. the indian government is going for that we are not going to cut down on any more iranian oil imports and that will continue buying from them and therefore the financial arrangements of the world know what i think now that there is a time for a regional currencies

eight are still willing to buy b.p. is a stake in the russian joint venture analysts say the most likely scenario is that b.p. will end up in the hands of rosneft turning russia's state company into the world's biggest oil from. the p. is quite likely to change to exchange its share and take. for a share in all snuffed. with some cash. as changing hands in the process as well were as a i will probably sell out of to completely all in or say i think. we'll just transform itself into a much larger company but with with an important international shareholder which has the most advanced technologies and more importantly has the experience of applying some technology it was in russia the experience of transforming a management team. and to into probably the best management team in the. now on to the macro picture the international monetary fund is a lowering its estimate for global growth next year to three point six percent from the previous three point nine percent the u.k. economy got the biggest slosh the i.m.f. now expe

b.p. and rose dept will be working together as partners not just shareholders in each other's companies and that's the that follows basically. decision to purchase to b.p. for sixty billion dollars now russia's furred largest oil company has been caught by b.p. and its russian partners a group at the end of the day b.p. will get twelve billion dollars in cash and twenty percent stock for half of the a k b b now the other half of the company will be purchased from a twenty eight billion dollars. now this will result in rosneft becoming the largest publicly traded oil company in the world controlling around fifty percent of total oil exports from russia but. from renesas capital says that this does not necessarily mean a reversal of the government's calls for privatization. first of all even in these particular transaction rules nafta is selling vulnerable at five point seven percent stake i think the government has committed and reconfirmed the recently in its plans for a further privatization is in the in the economy including oil and gas so i think this is an intermediate step. created aim

become the second largest shareholder of the russian state owned enterprise this will allow b.p. to take part in offshore oil exploration in the arctic. the european commission has been trying to brush up on his ations it ordered a buy on more than a dozen all around state t.v. and radio stations and it's sad that satellite providers acted on their own accord this came after the new approved a new set of sanctions on iran as western nations continue to strangle its economy over fears of terrorize atomic ambitions they say that punishment targets mainly iran's financial and trade sectors but political analyst chris bambery doesn't buy such claims. you don't have to be a conspiracy theorist to think that by buying a renewed media nineteen t.v. and radio stations and access to europe it does look like you for the step towards military intervention against iran given it happens on the same day that the imposes for the sanctions on iran against the background of a completely removed troop buildup by america with his british and french allies in the persian gulf and the siren calls fro

this affect the deal between ross left and b.p. will it affect it in any way. well the short answer and how it will affect it is really not at all these this particular b.p. manager that's being detained by police here in russia questioning on corruption charges now those direction charges lead to when he was a government official before he started working with b.p. in a few early a private matter the notes involved in the company told so that shouldn't be any kind of issue of choice to push through this deal to buy b.p.'s fifty percent share in t.n. k b p no one of the ways in which they're attempting to raise extra revenue to try and avoid the whopping price that it's going to cost we believe somewhere between twenty five and twenty eight billion dollars the fifty. one of the ways they're looking to raise extra revenue is by issuing bonds of course that's not going to give them all of the money that they need but it could give them around an extra six hundred fifty million dollars. know what ping amount that i'm talking about. simply

is luna's b.p. will come for the no longer have interest in this joint venture i think next year proves never. to be completely rules new. company with a major. in the face of this. including from largest banks likes burbank so i don't think the experiencing. and that's our business and looks the sour coming up shortly here on art see we discuss iran's nuclear ambitions and its real intentions well dr austin long stay tuned for that. wealthy british style. sometimes. markets finance scandals find out what's really happening to the global economy with max cause or for a no holds barred look at the global financial headlines tune into kinds a report on what will change when america picks its president amid muslim rage walking the iran tightrope pushing china and russia as occupy anger spreads the two parties still dictate will there be change to a selection of clothes guys every day for our team beginning of solar twenty second . the gold fever. turns thousands into slaves. my father but also among brother

will ever forget and. for. the. next with the business there us now after buying a b.p. is one of the biggest deals in the energy sector ever are minority shareholders benefiting from it well they sure will and not just from the sheer increase market capitalization of the company rosneft actually plans to pay a quarter of its profits in dividends that's according to the company's head eager said chen he also said rosneft will work with the piano variety of new project says partners for third largest oil company. has been co owned by b.p. and its russian partners are and the end of the day b.p. will get twelve billion dollars in cash and twenty percent in rosneft stock for half of. rosneft will buy the other half of the company from a a r four twenty eight. billion dollars the deal will result in rosneft becoming the a largest publicly traded oil company in the world controlling more than fifty percent of russia's or oil exports and action from grand cap says that doesn't really change this state's plans for privatization. first of all even in these particular transaction

and his russian partners they are at the end of the day b.p. will get twelve billion dollars in cash and twenty percent in gross never stalk half of the u.k. b.p. the other half of the company will buy from the russian shareholders for twenty eight billion dollars. now basically this deal was two years in the making and there were many different scenarios the way it could go right after signing this deal after it was approved in london the head of search and explained why the firm decided to buy the whole company. but usually. you counsel you both rosneft and b.p. supports the idea of buying the whole of tea and t.v. it's crucially important for us to have the acid totally integrated into rosneft strategy only in this case we have a synergy effect that will boost efficiency in a wide range of oil fields and refineries and currently now as i said after spending around sixty billion dollars fourteen k v p while its market value is four times less around fifteen billion aleksandr nose out of from gas from bank explains this math there is no real or mar

beefcake now as a result international major b.p. will get twelve billion dollars in cash and about twenty percent in start now be peaceful with partners in ten k.v. paid will get about twenty eight billion dollars in cash for their health and the company for how it will change the global energy landscape are now joined by artie's nicole. so let's have it go to new global heavy weight and have the way. we do by anybody's reckoning this is a big deal it's the biggest in russian corporate history and the biggest worldwide . igor said to me senior rose mayor says it's going to cost sixty one billion dollars to buy the hold of to being paid b.p. i think something bizarre i missed a gas called bite says this is probably a fair price. there is no real market estimate of fourteen. because the market capitalization of holding the lease did and is just above forty billion dollars so the same time you should forget that actually holding doesn't include for example fifty percent stake in slovenia also include international assets large international

and russian partners they are at the end of the day b.p. will get twelve billion dollars in cash and twenty percent of rosneft shares and the other half of the company will be bought by from a for around twenty eight billion dollars. of basically this deal will result in ros now becoming the world's largest publicly traded or oil company controlling around fifty percent of russia's oil exports but. from brand cap says this does not reverse the government schools for privatization. first of all even in these particular transaction rules they have to go as is selling down about five point seven percent stake i think the government has committed and reconfirmed the recently in its plans for a further privatizations in the in the economy including oil and gas so i think this is an intermediate step. created aimed at adding value to the assets that will be potentially sold off so i don't exclude privatizations in the future in the think overall trend should not be. materially changed from after this deal actually arrives quickly take a look at what's

nation's capital says if they have to acquire is that stake b.p. will be able to move into the business. the current shareholder agreement prevents b.p. from you know making any invest ones outside of ten-k. b.p. in russia so there has to be a solution and one of them this is leaving exiting from ten-k. b.p. then in theory there are still assets less. than they used to be because the big pieces were taken by exxon buy in ny and start oil but i'm pretty sure that in terms of exploration assets there's still a lot of potential and a lot of assets to be considered for this investment from b.p. in the arctic. say with energy issues the european union is fighting for transparency in the sector europe wants members to disclose energy contracts and is also pushing for universal prices now by march all nations will be providing the commission with oil and gas deals starting from next year the e.u. commission will also be able to take part in energy talks this move comes amid the e.u.'s antitrust investigation into gas pricing strategy in europe last week with h

now b.p. will get twelve billion dollars in cast an about face in ross nath stock for its heart of the company in artie's pretty boy explains the all b.p.'s side of the deal . the deal is shaping up to look like it's got two steps to it ross they have to is going to pay b.p. just over seventeen billion dollars in cash as well as provide some twelve point eight four percent of shares of the russian state oil company to b.p. the second part of the deal is going to see b.p. use some four point eight billion dollars of the cash that rosneft are paying them in order to buy more shares of ross nash so eventually that should end up with b.p. owning just under twenty percent of shares nineteen point seven five percent to be exact of ross neff chavez. and paul explains how the deal will change the global energy industry as a whole. you can see behind me rose mia and the kremlin and this deal has been cooked up on the russian side by those troops to transfer the boy anyone's reckoning it is a sizable deal th

a big some flatter me from north capitol sure they're all soft well fine that amounts as long as b.p. will come for the no longer have interest in this joint venture i think next step for me to buy to be completely rules near be in your company with a major show in the face of the state can enjoy loons including from the largest banks like the burbank so i don't think there will experience a new cash flow shortage. and that's how. you say it in without see because a coming up all going off will be talking to sanjay the head of the line scape production company about the future of television that's coming up shortly. what will change when america picks its president amid muslim rage walking the tightrope pushing china and russia as occupy anger spreads the two parties still dictate their chance to a selection of clothes god called our team beginning a total of twenty second. and download the official t. application to choose your language stream quality and enjoy your favorite. t.v. is not required to watch on t.v. all you need is your mobile device to watch on t.v. any time. you know somet

is little news b.p. will come for the. interest in this joint venture i think next year proves. to be completely rules new. company with a major. in the face of this. including from largest banks like bank so i don't think the experienced. international markets in europe ticked off the trading session this hour and so far so looking optimistic there we know that the euro zone leaders are expected to discuss the future all of the region in brussels later today for it see the meeting so far it seems that investors are hopeful that something will come out of that let's move on and took a look at the russian markets and here with oil prices are definitely helping both the i.d.'s and i was excited over half a percent oil prices at the highest level in the one we can also process energy minister said that russia will. amounts of oil this year but also currencies where the euro and so we can against the u.s. dollar falling from about one month high that we're reporting on wednesday when it comes to the russian currency it is dating to the currency basket this hour now what else do we h

the b.p. will get twelve billion dollars in cash and about twenty percent in stock fault for its heart of the company that's the situation it's all come out today and if we look at the markets will be able to see that they finished up in positive territory today and i can tell you that the stock for ross now even though they're going to have debts as a consequence of this. the stock was actually gaining over five and a half percent at some point today so as far as investors are concerned they seem incredibly optimistic about it all to lose work all the way through the markets and so we will check out the exchange rates the russian currency finish up the lower the basket crisis stay out of the european currency if it is not seen managing to gain one thirty sixty seven for the traders favorite pair and the u.s. markets are continuing to gain insert really lucky in direction as you can see the dow jones down around four tenths of a percent just there really the tightening presidential races that's the

as long as b.p. will come for the no longer have interest in this joint venture i think next step for rules there will be to buy to be completely rules near being a company with a major. in the face of this they can enjoy loans including from the largest banks like burbank so i don't think that will experience in any case. and that's how business looks the south course more on our web site r.t. dot com slash business coming up shortly here in artsy we discuss iran's nuclear ambitions and the real intentions with the dr austin long stay with us for the. what will change when america picks its president amid muslim rage walking the iran tightrope pushing china and russia as occupy anger spreads the two parties still dictate will their future to a selection of close god every day for our team beginning of july twenty second. download the official r.t. application to self choose your language stream quality and enjoy your favorites from atsushi t.v. is not required to watch all its hear all you need is your m

and its russian partners at the end of the day b.p. will get twelve billion dollars in cash and twenty percent in stock for half of the other half of the company will be bought from the russian partners a lot for twenty eight billion dollars. now following the signing of this deal russia's government has come under criticism basically for gaining even more control as a result in the oil and gas sector but that legend from cap disagrees with that statement first of all even in this particular transaction the rules nafta is selling about five point seven percent stake i think the government has committed and reconfirm the recently its plans for a further privatizations in the in the economy including oil and gas so i think this is an intermediate step. and created aimed at adding value to the assets that will be potentially sold off so i don't exclude privatizations in the future and i think overall trend should not be. materially changed from after this deal actually . all right well let's take a look at what's happening on the markets this.

right now talking to strategic partners about boosting cooperation now one of these partners this b.p. will sniff wants to buy b.p.'s stake in t.n. k b p and analysts from renesas capital say this could all facilitates b.p.'s access to russia's arctic. the current shareholder agreement prevents b.p. from you know making any. side of ten-k. b.p. in russia so there has to be a solution and one of them is leaving exiting from ten-k. b.p. . then in theory there are still assets less. than they used to be because the big pieces were taken by some buy in and start but i'm pretty sure that in terms of exploration assets there's still a lot of potential and a lot of assets to be considered for these investments from b.p. in the arctic. all right a big surprise to the markets came from the u.s. labor department the unemployment rate unexpectedly fell to seven point eight percent in september this is the lowest level since january two thousand and nine the u.s. economy added a further one hundred fourteen thousand jobs last month slightly more than the markets expected but none of the ninety one anal

now the end of the day b.p. will get twelve billion. dollars in cash and twenty percent just a little bit less than that in rosneft stock for half of the fee the other half will be bought from. for twenty eight billion dollars providing around one the half billion dollars to the main shareholders like victor vaxevanis is the man. all right let's now take a look at what's happening on the markets ross dept is feeling a bit better than the rest of the markets down just point one percent while as you can see both the artist my six are declining one half percent this is on the back of lower oil prices they're now declining to around eighty seven dollars per barrel for brant to work for light sweet crude now over on the currencies market we are seeing the russian ruble continuing its decline losing another half a percent versus the dollar and that's as banks are getting ready to basically fetch this whole sum of forty billion dollars that ross staff will be needing in alone to make this huge purchase and in the year we are seeing the footsie

percent of us nafta shares its representatives will also try to ross snuff board of directors as b.p. will become the second largest shareholder of the russian state owned enterprise as would allow b.p. to take part in offshore oil exploration in the arctic. the cia this week asked the white house to allow the expansion of its unmanned aircraft fleet it would allow the agency to keep up its drone missions missions abroad and that includes the deadly strikes in pakistan the cia's request came just a day after pakistan's interior minister quoted statistics that say eighty percent of those killed by the drones are civilians he said over two thousand people have died in the three hundred strikes so far off made quraishi from pakistan's first political lobbying group says washington is only creating one militants with its tactics. this is a major blow to us so diplomacy and position in parks done in this is the first time that you senior official actually come out to say this make this kind of a statement there's no evidence that the drones have actually helped buckstone control the militants o

be paid and that would mean becoming the biggest oil producer in the world is luna's b.p. will come for the no longer have interest in this joint venture i think next year for rules and there will be two boyo to the g.d.p. completely rules new being the bigger company with a major shill pool in the face of the is the jury looms including from the largest banks like burbank so i don't think the experiencing history. moving on us stocks are down assaults and disappointing tech results from the lie of i.b.m. and intel as well offsetting a job and housing starts as well as the good news of bodies as far as a wall street is concerned european source is still managing to get a house off to moody's investor service kept its investment grade debt rating on spain avoiding dog status of fed now let's move on to the currencies will be able to see that the year is indeed continuing north as a result this is what the ruble looks set to. an issue like today we'll have the closing figures in the next hour same goes for the equities we're all looking at again and a lot of that is because oil p

b.p. will sell its tough in to the russian company for twelve billion dollars in cash and twenty percent in rosneft stock rosneft will buy the other house from eight are for twenty eight billion dollars the deal will result in rosneft becoming the world's largest publicly traded oil company controlling more than fifty percent of russia's oil exports it's now time to check out the markets let's start with wall street and it's having a rough day mainly on earnings concerns here in russia the equities ended the day with pretty heavy losses to you and three quarters of a percent for the r.t.s. as you can see and over in europe equities diffs to chew to a one week low i should say on tuesday same old problems in the euro zone. and up next on our t.v. we talk with a u.s. space entrepreneurialism the prospects of space tourism. space tourism one of the more fun civil ideas of our time or a solid business proposition in orbit around earth for the future well joining me is someone who should know a lot

is known as b.p. will come for the no longer have interest in this joint venture i think next year for rules and there will be two bio to the p.d.p. completely rules new being the company we have a major shill for in the face of the is the key and enjoy your loans including from largest banks like to burbank so i don't think the experiencing it just will sort. so as we're hearing they are meeting right now so i'll give you the latest update let's check out the markets in the meantime because wall street is posting a mixed performance right now that's after disappointing results for some massive tech companies including i.b.m. and intel but there was some good news because housing starts raise fifty percent. in september they chica european markets down because spain was given a little respite today from moody's investors service they chose not to drop spain's right junk status. in the exchange rate said because we'll be able to see the euro is still heading north now at its highest level against the us dol

come in rostam chip as of twelve point eight percent now b.p. will use pots of that money that it's getting from ross and have to boost its stake to nineteen percent in roast depth and therefore quad two seats on the chairman of the board of. and also in a separate deal ross nafta has confirmed that it's reached a basic agreement with the russian shareholders in t.n. k d p to buy their fifty percent stake for twenty eight billion dollars and the end it will end up having one hundred percent of t. and k b p and would therefore become the largest publicly traded oil producer in the world. or i will have more details on that story for you as we get them and of course analytical commentary for out the days of do stay with r.t. now ukraine's president victory on a call which is in moscow on short notice to meet with his russian counterpart vladimir putin analysts expect that gas would be high on the agenda since russia launched the north stream undersea pipeline to germany transit through ukraine has been gradually decreasing and in the first seven months

is little known as b.p. will come for the longer interest in this joint venture i think next year for rules and there will be two bio to be completely rules new. company with a major. in the face of the is the jury looms including from the largest banks words burbank so i don't think the experiencing. and there's also other oppose it ross nafta is apparently flying to london swore to speak with that pay for the potential sale of the fifty cent stakes it's all coming out right now we're following the situation you're looking at the us markets they are indeed makes not because tech corporate is ols are indeed down disappointing but we've also got housing starts rising by fifteen percent european stocks now at the end. of the trading day would check out those they already gating brawl the well today the base was the top performing arts because that movie is the best service piped its investment grade debt rating which means aimed voided states's u.k. unemployment unexpectedly as well slows down on the year and today

is luna's b.p. will come for the. interest in this joint venture i think next year for rules in the ruby to bio to keep it be completely rules new of being a company with a major shield in the face of this the jury moves including from the largest banks words burbank so i don't think the experiencing. rob is certainly be watching the situation this jump into the markets because the us ones makes a loss because they've got a mixed release of news coming out today because there's corporate news coming from i.b.m. and intel see if tech companies disappoint cause we've got house insults which rose to fifty percent in september that's hitting the highest level in more than four years last kidneys. them because they're not the last a part of their day and they saw days today with moody's investors service key thing is investment grade debt rating on this basis giving a bit of a breather avoiding junk status u.s. unemployment unexpectedly fell as well the euro is continuing north as a result of all of that achieve its highes

b.p.'s russian partners a all to buy out the other half of the company if they can do that then ross f. will become the largest publicly traded oil company in the world but this well the reward without risk in the risk what roles next is taking in buying out ten k. b.p. is that they will incur debts of upwards of sixty billion dollars to put that in a little context that says as much as some european nations have in debt nationally . so it's an awful lot of money there a lot of money in debt that they'll be taking on delta hoping that the oil price remains high so that they can get a good solid return on their investment in terms of b.p. and what that means to them here in russia it's certainly not the end for them they just didn't want to be out of russia they just wanted an end to their partnership in t.n. k b p what they really want is to do business with rolls left and to get a slice of rosneft potentially lucrative oil exploration rights for the arctic so this is all going to continue on for a little bit longer and deals will be done between rosneft and b.p. bobs in the future but when

will get twelve billion dollars in task and twenty percent in ross nast stock for half of t.n.t. b.p. ross now. will buy the other half of the company from a car for twenty eight billion dollars the deal will result in rosneft becoming the a largest publicly traded oil company in the world controlling about fifty percent of russia's oil exports but. from a rand cap says this does not reverse the government's call for privatization. first of all even in this particular transaction it was enough to go. on the board five point seven percent i think the government has committed and reconfirmed the recently plans for. privatization is in the in the economy including oil and gas so i think this is an intermediate step. to create the aimed at the value that will be potentially sold off so i don't exclude privatizations in the future and the thing overall trend should not be. materially changed from after this deal actually i am staying with the energy sector russia's gas monopoly gazprom on tuesday has launched one of its biggest projects the bovine and of a field has proven gas reserves of