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ST PETERSBURG, Russia, June 19 (Reuters) - Russia's Rosneft has clinched a number of deals with its shareholder BP, agreeing to sell a stake in an east Siberian oil fieldand to change the structure of their refining joint venture.
Rosneft CEO Igor Sechin, an ally of President VladimirPutin, told reporters that the 20 percent stake in theTaas-Yuriakh field was to be bought by BP for $750 million.
Rosneft, the world's top listed oil company by output, isunder Western sanctions which limit its access to the globalfunds and technology. BP has a 19.75 percent stake in thecompany.
Apart from Taas-Yuriakh, which operates the Srednebotuobinskfield expected to produce over 5 million tonnes of oil annuallyfrom 2017, Rosneft and BP agreed to create the infrastructure tofurther explore in east Siberia.
Rosneft has also agreed with BP to reorganise their refiningjoint venture in Germany, known as Ruhr Oel.
Under the agreement, Rosneft will double its share inBayernoil to 25 percent, Miro to 24 percent and PCK Raffinerieto 37.5 percent, it said in a statement, while BP will get 100percent of the Gelsenkirchen refinery.
Separately, France Total said on Friday it wouldsell its 16.7 percent stake in the Schwedt refinery in Germany-- or PCK Raffinerie -- to Rosneft, for $300 million excludingworking capital. (Reporting by Dmitry Zhdannikov; writing by Katya Golubkova;editing by Keith Weir)
