The Russian-British oil venture TNK-BP has confirmed that it is in negotiations with British oil giant BP on the acquisition of BP's Venezuela-based assets, a TNK-BP spokesman said on Thursday.
TNK-BP upholds BP's decision to carry out a strategic reorganization of BP's assets in Venezuela and is looking forward to finding any opportunity to join the projects, the firm said.
"TNK-BP thinks the reorganization of BP's assets is in the interests of both companies and will promote a further development of Venezuela's oil industry," the company added.
British Petroleum is currently selling $30 billion worth of assets to offset the costs of clearing up a giant oil spill in the Gulf of Mexico.
RIA Novosti
