Rosneft and BP obtain regulatory approvals to dissolve the German JV (Scandinavian Oil-Gas Magazine)

Rosneft and BP obtain regulatory approvals to dissolve the German JV

Published Feb 15, 2016

Rosneft has obtained the approval to dissolve the Ruhr Oel GmbH (ROG) Joint Venture from the German Federal Ministry of the Economy and Energy (Bundesministerium für Wirtschaft und Energie).

Therefore, Rosneft and BP have accomplished getting regulatory approvals for the deal in a very short time (earlier, on the 21 December 2015 an approval was obtained from the German antitrust regulator Bundeskartellamt, and on 1 February 2016 the deal was approved by the European Commission).

Tags: BP PLC, Rosneft

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Rosneft and BP obtain regulatory approvals to dissolve the German JV

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