that it could bring to the company what a fifteen percent stake potentially in ross nast could bring to b.p. so he's going to be recommending that his company accept the soffit today or i pod thanks very much indeed and more facts and figures on the a later in our business bulletin from peter all over. but just how erosive going to be able to afford this multi-billion dollar deal join me in a few moments time we have a look at one of the ways in which they're looking to raise a bit extra capital. and i mean timely an army units have launched an operation to clear out supporters of the old regime from the town of bani walid the area which used to be a colonel gadhafi stronghold has been under siege for the last two weeks thursday's attack on the city saw around a dozen people killed activists and journalists don says those behind the latest assault there should be punished. i'm getting numerous in your mobile actually reports from residents of bani walid that indeed the so-called non-government they call themselves a stable basically it's not a state is four hundred militias conductin

the billionaire consortium they are there be peace for russian cotton is that all would mean that ross nast could end up blowing the whole of tea and maybe that at the moment russia's third largest oil producer so eventually that could mean that rostam could end up being the world's largest listed or oil producer making over four million barrels of oil a day and we know that igor sechin who's head of ross nast was holding talks in london yesterday with the head of b.p. bob dudley and that was ahead of a formal offer that the russians made c.b.p. and we also know that today bob dudley is going to be speaking very positively about what this deal could bring to b.p. as a company and he's going to be recommending to his board of directors that they accept the offer. and i will facts on the figures on the bit later in our business bulletin that will be featuring peter all of. just how a rose now it's going to be able to afford this multibillion dollar deal join me in a few moments time and i'll be having a look at one of the ways in which they're looking to raise a bit extra capital. european le

the billionaire consortium they are there be peace for russian patna is that all would mean that ross nast could end up blowing the whole of the unpaid leave that at the moment russia's third largest oil producer says eventually that could mean that last year could end up being the world's largest misstate a boil producer making over four million barrels of oil a day and we know that igor sechin he's head of ross nast was holding talks in london yesterday with the head of b.p. he called me and that was the head of a formal offer that the russians made to b.p. and we also know that today bob dudley is going to be speaking very positively about what this deal could bring to b.p. as a company and he's going to be recommending to his board of directors that they accept the offer. and figure on the business bulletin and while the key discussion in london is well under way police have detained a top manager from b.p. on suspicion of fraud. well it's unlikely that the questioning obey told pti in k b p the corruption allegations will have any real effect told rosettes negotiations for a multi bil

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

dollar the most going markets closed up in the red today we have the shares of a ross nast losing almost a one percent president putin said that a representative of the board will increase the russian companies transparency russia son house rebuild some of its profits was a shim plans and now the country intends this up to only percent the railway operator russian railways and up to six the said and hope oil company rough now over the company plans to get up to ninety six billion dollars from privatization of state assets by twenty six the all right that's business more here on l.t. ways sit down with the french politician and advocate francois to talk about what troubles a face from this economy by staying in the. here with me today is a french politician former presidential candidate and now the head of the popular republican union here in france prosper thank you very much for being with us thank you for inviting me mr sort of not one of mr lyons complains slogans was change is now that was the most important slogan actually of the hell can pain and actually now we see lots of changes

hello there welcome to business this hour russia's energy major ross nast will pay over sixty billion dollars to buy russia's third largest oil producer and k.b. b.p. will get twelve billion dollars in cash and about twenty percent and ross nab stock splits half of the company not all. explains the math of b.p. sign of things. the deal is shaping up to look like it's got two steps to it ross left 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 next shad's and now all these new poll explains how the dual change the global energy industry as a whole. and you can see behind me rose and the kremlin and this deal has been cooked up on the russian side by those

could see ross nast becoming the biggest oil company in the wall that saved both shareholders sells we are watching this situation let's check out russia and see how they got on today because the risk appetite was once again in full flow that as investors await the e.u. summit happening this week the euro the currency continues to trade at his highest level of debt see u.s. dollar in a week actually the u.s. markets managed to get a nice as housing starts overshadow disappointing results from tech companies not so we got time for i do believe i will be back tomorrow with more business bill looking forward to as you thanks a lot of a good night well time now to turn to the murray who shrugs an argument some heated debates pretty live on cross talk that's coming our way just a moment. trimmings in this tree even for specialists a voice can produce several sounds it warms the to the means the art of throat singing comes naturally picked up like a language. a language of communicating with nature it said that's where throat singing originates from the unions believe not only animals but al

has a stake in ross nafta and with that influence ross nast is probably becoming more transparent information. it's up to her. to do with a bad harvest we're expecting to come back down again next year inflation i don't think it's that much of a problem because indeed due to various base affects etc next year it's going to be a little wretches our g.d.p. growth to peak growth as a so turner got turned off by the spending and the general brouhaha in europe which is crust anyone's consumer is still in positive territory. this year and probably even more next year before we forum effort reform efforts going ahead steadily i see lots of encouraging me to not enough i think we need more and especially on the structural front not enough in mind ok last one u.s. economy and fiscal cliff. are going to go over the top and i. was well i don't think it's that much of a problem it's going to be resolved i think ok gentlemen we're going to go to jim rogers in washington he's an author financial commentator an international investor jim thank you for being with us i guess i'm going to ask you what a lot of