BP in no hurry to sell its Azeri assets to GasProm

GasProm has received no formal offer from BP, despite speculation that the Russian company was looking to purchase BP assets in Azerbaijan. Still GasProm continues to state that if the deal is right for them, then they would be interested. This would enable GasProm to participate in the Shahdeniz oil and gas field works as well as the opportunity to buy shares in the Baku-Tbilisi-Ceyhan oil pipeline. Gas Prom management, as well as Russian officials, are actively speculating over the issue as the Russian company looks to get hold of Azeri oil and gas supplies.