Lisichansknaftoprodukt OJSC (Lougansk Region), the majority stake in which has been held by TNK-Ukraina-Invest CJSC since last autumn, has finalized its 10.4 thousand cm tank farm reconstruction started in summer, according to TNK-Ukraina’s News Service.
The Tyumen Region Administration and TNK-BP are working out investment patterns for field development in the Uvat District, Tyumen Region, the News Service of the Tyumen Governor told to Interfax-Ural agency, referring to Governor Sergey Sobianin.
Over nine months of 2003 Lisichansky refinery has decreased its harmful emissions into the atmosphere by 8441,1 tons. Compared to the same period in 2002 the level of emissions was reduced by almost 42%.
Fitch international rating agency improved the rating for forex unsecured liabilities of TNK International from B+ to ВВ and from BB- to ВВ+ for secured liabilities. According to the agency’s news release, BB rating was also given to the company’s USD 700 million Eurobond issue that matures in 2007.
Extensive article on operations of Udmurtia’s largest oil company – Udmurtneft OJSC. Specifically, commenting on enhanced efficiency of Udmurtneft OJSC, the newspaper informs that, in 2003, for the first time in the last two decades, the oil workers’ team is steadily scaling up oil production volumes, with “black gold” production growth equaling 10 percent versus 2002.
TNK-BP does not intend to raise loans in 2003/2004, said Robert Dudley, Chief Executive Officer of TNK-BP. “I believe the company earns enough funds to finance its operations; we are also going to restructure our debt portfolio,” he said.
Article on implementation of the environmental program among TNK-BP’s Orenburg-based enterprises. During the last three years, a lot more attention has been paid to environmental issues than in the previous years: environmental spending has been increased; in 2003 gas utilization and oil slimes treatment units were commissioned.
NK SIDANCO’s subsidiaries (TNK-Nizhnevartovsk OJSC and Varieganneftegaz OJSC) that extract oil in the Khanty Manssyisk Autonomous Area (KMAA) produced 8,926,513 thousand tons of oil in January/October 2003, a 14.3% growth on the same period of 2002.