BP inches towards Kovykta deal, asset swaps seen

(Reuters) - Such a deal would transfer control of Russia's Kovykta, a
vast but largely untapped field on the Chinese frontier, from a
company controlled by BP's Russian venture, TNK-BP, to
state-controlled gas export monopoly Gazprom .




But, rather than selling out entirely, British oil and gas
group BP would retain a significant interest in Kovykta by
offering Gazprom the chance to take a stake in some of its
international operations.


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