RusEnergy

RBC, 01.03.2006, Moscow 15:36:44. – TNK-BP has received nearly 10 bids for the purchase of its subsidiary Udmurtneft, TNK-BP's Executive Director for gas development Viktor Vekselberg told journalists. The bids include offers from foreign businessmen, he added. Vekselberg also confirmed that TNK-BP intends to issue eurobonds this year. According to unofficial data, Sibneft and Russneft have withdrawn their bids, leaving two international consortiums as the main contenders for a 96.9 percent stake in Udmurtneft. These are ONGC and Itera, and Oil India and the Northwestern oil group. Udmurtneft is developing 23 oil fields in the Udmurtia region and produces approximately 6m tons of oil annually. The tender is likely to be held in April.