British-based energy company BP says it is considering selling its 50-percent stake in its Russian joint venture.
TNK-BP, Russia's third-largest oil producer, is owned by BP and Alfa Access Renova (AAR), a consortium of Russian shareholders.
The company has been mired in a corporate dispute after AAR blocked BP's plans to form another joint venture with Russian oil company Rosneft.
Earlier this week, TNK-BP's chief executive, Mikhail Fridman, announced his resignation, reportedly for "personal reasons."
In a statement on June 1, BP said it has received "unsolicited indications of interest" for its share in TNK-BP and is intent on pursuing a potential sale.
BP did not mention a potential buyer.
AAR has previously indicated that it could be interested in raising its stake in TNK-BP.
TNK-BP, Russia's third-largest oil producer, is owned by BP and Alfa Access Renova (AAR), a consortium of Russian shareholders.
The company has been mired in a corporate dispute after AAR blocked BP's plans to form another joint venture with Russian oil company Rosneft.
Earlier this week, TNK-BP's chief executive, Mikhail Fridman, announced his resignation, reportedly for "personal reasons."
In a statement on June 1, BP said it has received "unsolicited indications of interest" for its share in TNK-BP and is intent on pursuing a potential sale.
BP did not mention a potential buyer.
AAR has previously indicated that it could be interested in raising its stake in TNK-BP.