Company news in June 2004

Petroleum News

Information on Orenburgneft OJSC joining the Vedomosti rating of top 100 East European Companies. Orenburgneft OJSC ranked 27th in the rating, with market capitalization of USD 2,157.7 million. It is noteworthy that TNK-BP''s oil-producing subsidiary is the only Orenburg-based company that found itself in this list, having improved its rating by 7 basic points versus 2003.

Source: Malaya Rodina

TNK-BP to Increase Its Debt

Investment Feasibility Study for the Irkutsk Region gasification project on the basis of Kovykta to be Finalized by Early in July