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March 21 (Reuters) - Russian state-owned oil company Rosneftannounced the completion of a $55 billion deal to buy BP and its partners out of TNK-BP.
Following is a timeline of BP's history in Russia:
1997 - BP pays $571 million for a 10 percent stake inSIDANKO, then Russia's fifth-largest oil company and part of theUNEXIM-MFK banking group controlled by oligarch VladimirPotanin.
2003 - BP establishes Russian joint venture TNK-BP as aresult of the merger of Russian companies TNK, SIDANKO and Onakowith the majority of BP's Russian oil assets. The company is 50percent owned by BP and 50 percent by a group ofRussia-connected investors: Alfa Group, Access Industries andRenova (AAR).
August 2008 - TNK-BP Chief Executive Robert Dudley leavesRussia, blaming a campaign of harassment in a fight for controlbetween BP and its partners. He resigns in December.
January 2009 - Shareholders finalise a deal under which BPcedes influence to AAR. Previously, half the board was appointedby BP and half by AAR.
January 2011 - BP and Rosneft agree a $16 billion share swapunder which they plan to jointly explore for offshore oil andgas in the Russian Arctic.
May 2011 - Deal with Rosneft collapses after BP's Russianpartners win an injunction. A subsequent attempt by Rosneft andBP to buy out AAR's stake also fails.
October 2012 - AAR agrees to sell its stake to Rosneft for$28 billion. Rosneft seals the $55 billion deal on Oct. 22 tobuy 100 percent in TNK-BP.
BP to hold almost a fifth of state-controlled Rosneft aspart of the deal and will have two seats on Rosneft's board.
March 21 2013 - Rosneft closes the acquisition of TNK-BP,making it the world's largest listed crude producer with BP as amajor shareholder.
