BP Offloads Stake in Russia's Rosneft

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BP Offloads Stake in Russia's Rosneft
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The British oil giant held 20% of interest in the company.

British energy giant BP announced Sunday it was offloading its 19.75% stake in Rosneft, a Russian-controlled oil company.

BP has worked in Russia for more than 30 years, but the Russian invasion of Ukraine has forced the company to reevaluate its holding.

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