Russian oil producer Rosneft said on Saturday that its German subsidiary Rosneft...
FILE PHOTO: Christmas and New Year decorations depicting a Russia's Rosneft oil company logo are pictured at the"Biryusinka" toy factory, which has been producing decorations and toys for the festive season since 1942, in Krasnoyarsk, Russia November 29, 2018. REUTERS/Ilya Naymushin/File Photo
MOSCOW - Russian oil producer Rosneft said on Saturday that its German subsidiary Rosneft Deutschland GmbH had completed the deal to acquire a 3.57% stake in Germany’s Bayernoil Raffineriegesellschaft mbH from BP. The deal increased Rosneft’s stake in the Bayernoil refinery to 28.57% from 25%, Rosneft said in a statement, adding that the deal also increased its share in the refinery’s capacity to almost 3 million tonnes a year and strengthened its marketing presence in Germany’s Bavaria and Austria.
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