Today the administration of the Irkutsk Region and TNK-BP announced the signing of a Social and Economic Cooperation Agreement. The purpose of the agreement, signed on December 19, 2006, is to develop stable, mutually advantageous bilateral relations on a long-term basis.
The Government of the Tyumen region today announced that the West-Siberian office of the State Committee for Reserves had considered and confirmed reserves for seven new oil deposits discovered in the Uvat region. Aggregate oil resources in the south of Tyumen now exceed 1 billion tonnes.
TNK-BP announced that its Russian holding company, TNK-BP Holding (TBH) held an Extraordinary General Meeting of shareholders (EGM) today at which an interim dividend of RUR 97 billion (RUR 5.95 per share) was approved. The dividend will be paid from TBH earnings for the first nine months of 2006, which include the impact of the sale of Udmurtneft to Sinopec completed in August 2006.
TNK-BP and OAO SIBUR Holding today announced the establishment of a joint venture to process associated petroleum gas (APG) produced by TNK-BP and other oil and gas producers in the Nizhnevartovsk region. SIBUR will own 51% of the new venture and TNK-BP will hold 49% and equally share management control.
TNK-BP today announced it had held around table meeting in Moscow on November 1, 2006, with representatives from TNK-BP, BP, RUSIA Petroleum, FRECOM, Stroitransgaz as well as international, Russian and regional non-governmental organizations: World Wildlife Fund (WWF) Russia, Greenpeace Russia, International Socioeconomic Union, Ecocenter “Zapovedniki”, Non-Commercial Partnership ”Transparent World”, The Conservation Center, Russia’s Birds Protection Union, Green Patrol, Baikal Environmental Wave, and Buryatia Regional Association on Baikal.
TNK-BP today announced agreement with Rosneft to construct a permanent oil pipeline from the Verkhnechonskoye (VC) oil field in East Siberia to Surgutneftegaz’ Talakanskoye field whence oil from both fields will be supplied into the East Siberia – Pacific Ocean pipeline system (ESPO).
TNK-BP today announced the appointment of Rt Hon Lord Robertson of Port Ellen KT, CGMG, Hon FRSE, to its Board of Directors as Deputy Chairman of the Board and the Chairman of the Board’s Audit Committee. The appointment is effective from 1 October 2006.