Company news in July 2004 | |||
Oilmen Set Nets
A report on TNK-BP''s retail business. TNK-BP''s retail network became the winner of Golden Net 2004, an annual all-Russian contest, in the Retail Stations category. In the opinion of the author, the quantity and quality of services provided at TNK-BP''s retail stations is unparalleled. The company ranks 18th in the world by the number of retail stations – over 2,100 in Russia and Ukraine. After purchase of the U.S. ChevronTexaco''s stake in the joint venture engaged in engine oil production, the Company is getting down to production and distribution of this type of product under its own trademark. The top priority for TNK-BP is to reconstruct and to upgrade refining facilities, particular attention being paid to the Company''s major refineries – the Ryazan and the Saratov refinery. Re-targeting of the domestic market is becoming the Company''s top priority. In the opinion of TNK-BP''s top managers, operations on the Russian market are not only rather profitable but also hedge against risks of contingency in the global petroleum market.
Source: Saratovsky Rasklad