Why Rosneft buys TNK-BP
Loud news the last hours: the state oil corporation "Rosneft" agreed to buy out the company TNK-BP from its shareholders.
Oil is always politics. Big oil is big politics. And after the purchase, Rosneft will become the world's largest company in terms of reserves and production.
And this means that it is no longer just a matter of big politics, but politics in the square ...
First, let's figure out who owned Rosneft TNK-BP.
This company was established in 2003 year.
«TNK-BP International Ltd. (TNK-BP) - the third largest oil company in Russia, whose shareholders on a parity basis are the British BP and the AAR consortium (Alfa Group, Access Industries, Renova). TNK-BP owns approximately 50% of the Russian oil and gas company Slavneft. TNK-BP accounts for about 16% of Russia's oil production (including TNK-BP in Slavneft). ”
In 2003, our British and American friends were preparing to buy Russian mineral resources for very little money. The first sign of this disastrous process for Russia was the creation of TNK-BP with the participation of British British Petroleum (BP). The second was the sale of Yukos to the Americans. Control over Russia's subsoil went abroad.
We have to understand that Western corporations will succeed in taking control of Russian subsoil and our budget will lose colossal money, and future generations will lose control over the wealth of our land.
That's what it is about when you read the news about the "oil news". It is impossible to allow foreigners to control the mineral resources of the field. That is why the Russian authorities intervened in the game. Unexpectedly for the West, Khodorkovsky in the same year 2003 went to jail, and the assets of his Yukos were eventually obtained by the state-owned company Rosneft.
Half the case was done, it remained to "squeeze" the British from TNK-BP. I described in detail the whole process of the “game” in the book “Sherche la oil».
This is what I wrote about five years ago in this book: “We should admire the resilience of proud Britons. They really want to stay in our oil and gas market, they want to influence it, and through this, to influence Russia's foreign policy. But it will not work. At this complexity, the company TNK-BP is not over. And sooner or later, but the British oil monopoly will be squeezed out of Russia, and its oil assets will be sold to a Russian company. “This is bad for us, bad for the company and, of course, very bad for Russia,” said Peter Sutherland, chairman of the board of the British oil giant, evaluating the developing events. And to the author of this book it seems that, on the contrary, it is good. Very good. Control over the main resource of the planet, over the main resource of his country in the hands of his government - is it good or bad? Answer this question yourself. ”
And finally, the British are squeezed out of TNK-BP. Squeeze out gently, over-the-way. But aggressively and steadily. The private company TNK-BP is fully redeemed from its shareholders by the state-owned company Rosneft.
“Earlier today it became known that the oil company Rosneft buys 100% of TNK-BP shares from the AAR consortium and the British oil company BP. The signing of the relevant agreement was announced by the head of Rosneft, Igor Sechin. The total amount of the transaction amounted to 61 billion.».
Does this mean that control over a large part of our bowels is returned to the hands of the Russian state? Yes it is.
Let's look into the confusing scheme of buying and selling oil assets.
First, make sure that Rosneft is truly a state-owned company.
We go to the website of the company, we read: http://www.rosneft.ru/Investors/structure/share_capital/
Share capital structure
The composition of shareholders (shareholders) of Rosneft Oil Company, owning more than 1% of the Company's authorized capital as of October 1 2012.
1. 75,16% belongs OJSC "Rosneftegaz"which is in 100% federal property.
2. Still 9,53% owned by LLC RN-Development, which in turn belongs to LLC RN-Trade, whose members are OJSC NK Rosneft (99,9999%) and LLC Neft-Aktiv (0,0001%), by 100% controlled by JSC "NK" Rosneft ". That is, Rosneft itself controls the company that owns 9,53% of its shares. This means that these percentages belong to the state.
3. The company itself OJSC “NK“ Rosneft ”has on its balance sheet, that is, it owns 3,04% "Self".
At this state participation ends. 10,19% which belong to Sberbank cannot be attributed to state assets, since the owners of Sberbank’s controlling stake are Central Bank, which is not subordinate to the government. Other individuals and legal entities are not interested in us either.
So: 75,16% + 9,53% + 3,04% = 87,73% Rosneft is owned by the state.
Now we are looking at the conditions on which our British "friends" agreed to give Rosneft shares in TNK-BP.
«The proposed transaction consists of two parts. Upon completion, BP will receive a package of Rosneft’s 18,5% stake and 12,3 billion dollars in cash. Taking into account the package of 1,25% of Rosneft's shares that BP already has, BP’s share in the share capital of a Russian company will be 19,75%.
So, in order for the British to lose 50% of the shares of the third largest oil company in Russia, we give them 18,5% of Rosneft.
As a result, control remains completely in the hands of Russia: we will have 69,23%, British Oil has 19,75%.
Of course, we would like our British partners to have a share in the depths of Russia equal to zero point zero. But politics is the art of the possible. And not the art of the desired. The British are removed from the control of the bowels, giving them only a piece of oil pie. Clean up after eight years of STRUGGLE with them for it!
(Just type in the TNK-BP search engine and the word “problems” and you will read how many difficulties and accidents you had to do to “convince” BP to give away the TNK-BP shares).
Now the conclusions that arise from the foregoing.
No privatization of Rosneft should take place. Otherwise, you can lose control over this important company. To talk about privatization, to smile, but to postpone it all the time and not to spend it for anything.
The strategic line of the Russian leadership to gain full sovereignty is complete control over the Russian bowels. But first, the complete rearmament of the army and fleet, development of a new state patriotic ideology. And then at the negotiating table with our British "friends" - with new trump cards.
To demand today to “drive the British with a filthy broom” from our oil industry is the complete absence of an adequate assessment of today's geopolitical reality. It is the same as demanding that Stalin send the Third Reich in August 1939, instead of signing a non-aggression pact with him. Only Svanidze can do this ...
While "they" are stronger - you need to negotiate.
This is the main art of politics and the head of state.
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