BP has announced that it is going to try to sell its stake in the TNK-BP Russian oil joint venture.
In a short statement, the oil company said it had received "unsolicited indications of interest" in acquiring its shares.
BP has informed the other shareholder in TNK-BP, Alfa Access Renova, that it plans to pursue a sale.
It warned that there was no guarantee that such a transaction would take place.
Earlier in the week, Mikhail Fridman, TNK-BP's chief executive, announced he would be stepping down in 30 days "for personal reasons".
TNK-BP is a joint venture between BP and Alfa-Access-Renova (AAR), a group of Russian billionaires that includes Mr Fridman.
Last year, BP had to abandon plans to form another joint venture with rival Russian oil firm Rosneft after AAR launched a legal challenge.
Source & Image : BBC
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