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BP shares up on Rosneft equity swap

Comments (0) | 17 Jan 2011 | Rating Rating (-1 to +1): 0.0

| Print by Tim Human

But exploration pact comes under scrutiny from politicians, businessmen and environmentalists

BP’s shares have risen in London as investors get their first chance to respond to the petroleum company’s share-swap and Arctic exploration deal with Rosneft.

In early trading, BP’s shares were up 2 percent at 510p. Analysts view the deal as a canny move by BP that ...

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