Moscow, September 15, 2011 – TNK-BP announces that the TNK-BP Supplier and Contractor Forum took place in Moscow today.
TNK-BP and over 400 Forum participants representing the company’s Russian and foreign partners working in all sectors of the oil & gas industry discussed the results of the first year of TNK-BP’s new approach to contracting work, as well as a set of measures to combat abuses and violations of corporate ethics.
“TNK-BP is consistently enhancing the efficiency of its contracting system by making it more transparent, and the mechanism for receiving feedback from partners is continuously being improved. We’re building robust long-term relationships with our contractors on the basis of best international practice and strongly recommend that our partners comply unconditionally with TNK-BP’s business ethics standards. This is a vital requirement for the development of our mutually beneficial collaboration, and for the companies themselves it’s a guarantee of the sustained growth and prosperity of their business”, said TNK-BP Executive Director German Khan.
“The absolute majority of participants in the Second Forum are industry leaders in their segments, including successful small and medium-sized business, as well as recognized international oil & gas industry leaders such as Halliburton, Schlumberger, Weatherford, KCA DEUTAG and others. TNK-BP is committed to long-term partnerships with all contractors, on the basis of common rules of the game for all and the company’s corporate values system”, said TNK-BP Executive Vice President, Support Services, Anatoly Tyomkin.
Information for editors:
TNK-BP has one of the largest goods and services procurement programs in Russia with an annual contracting budget worth around 180 billion rubles. The first TNK-BP Supplier and Contractor Forum was held on September 24, 2010 and attracted representatives from over 300 Russian and foreign companies.
TNK-BP is Russia’s third largest oil company and is owned by BP and the AAR consortium (Alfa Group/Access Industries/Renova) on a parity basis. Additionally, TNK-BP owns approximately 50% of the Russian oil and gas company Slavneft. TNK-BP’s share in Russian oil production (including TNK-BP’s share in Slavneft) is about 16%. The Company’s total proved SEC LOF reserves are 8.794 billion BOE as of December 31, 2010.
“TNK-BP” or “the Group” refers to “TNK International” as well as to the company’s consolidated subsidiaries, unless the context requires a different reading.
For further information please contact:
Public Affairs Division: tel. (495) 363-27-57