TNK-BP has significantly reduced the leak rate of its pipeline systems in 2009. In particular, according to preliminary results of the year, the number of oil spills from pipelines has dropped by 14% (and an impressive 70% compared to 2005 when the active phase of works for lowering the rate of leaks began) and the number of pipeline leaks has decreased by 15% compared to 2008.
TNK-BP announced today that the company is considering possibilities of developing hydrocarbon resources in Iraq. We intend to do so by working with the Iraqi Ministry of Oil in accordance with all applicable laws and procedures.
TNK-BP today announced important investment decisions made at the meeting of the Board of Directors of TNK-BP Limited, the ultimate holding company of the TNK-BP group of companies. The meeting was chaired by Mikhail Fridman, Executive Chairman of the Board of Directors of TNK-BP.