TNK-BP in the news

The production of TNK-BP will remain at the level of 2008, Timothy Summers, Chief Operating Officer of TNK-BP, said to the Petroleum Information Agency.

Construction of the East Siberia Pacific Ocean (ESPO) oil pipeline, a major artery to bring Russian crude oil to the ATP regional market, is truly a task of national importance. Building a raw material base to fill the ESPO is becoming a task of no lesser importance. 

One of the main TNK-BP goals is safety of its employees and absence of injuries and casualties at work. To attain this goal, the company has developed and approved Golden Rules of Safety.

TNK-BP, the third largest oil company in Russia, is trying to expand its activities to new regions. Recently, the company purchased three licenses for development of fields in the Astrakhan Region. Total investments into exploration and commercial development of these fields will exceed $1.8 billion.

In mid-September, TNK-BP started production of jet fuel TS-1 with sulfur content not exceeding 30 ppm at the CJSC “Ryazan Oil Refinery Company,” the press service of TNK-BP said to the Petroleum Information Agency (ANI).

The numbers tell the story. In 2008 TNK-BP had a record first half in terms of income, return on capital, shareholder value and taxes.

TNK-BP welcomes the emerging resolution of the dispute between its shareholders.

Final agreement between shareholders will enable the management and staff of TNK-BP to focus on the way forward for the company free of this significant distraction and the uncertainties around the company’s business plan and capital expenditure.

Dear Sirs,

We are pleased to inform you that Chief Operating Officer — T. Summers’ presentation “TNK-BP first half 2008 performance results” has been published on the TNK-BP web-site and can be accessed in the “Press center” / “Speeches and presentations” section. The presentation covers TNK-BP first half 2008 financial results, operational highlights, major projects update, etc.

http://www.tnk-bp.com/press/presentations/

TNK-BP will come to China will little oil and subsequently increase its oil export to China, Jonathan Kollek, Vice President, Sales, Trading and Logistics (STL), TNK-BP, said yesterday at a briefing. In three weeks from now, an oil export terminal will be launched in Barabinsk, which will export oil in three possible directions, one of which is China. Apart from that, the company has received a special tariff for rail transportation of oil, which makes export of oil to China profitable.