TNK-BP cleared to buy BP's assets in Vietnam-source

Source: Reuters - Russia's energy minister signed a memorandum with Vietnam's government allowing Russian oil company TNK-BP to acquire BP's Vietnamese gas assets, a source close to TNK-BP told Reuters on Monday.

The source said that Vietnamese state oil group Petrovietnam waived its option to buy the assets.

"That was a decision by the Vietnam Politburo. I believe the deal will be closed in around three months," the source said.

Spokesmen for TNK-BP and Russia's Energy Ministry declined to comment on the report.
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