Company news in July 2004

TNK-BP Times

July 09, 2004, Friday

Information broadcast with review of June events. Crude oil output continues to grow at Orenburgneft OJSC. Business units of Orenburgneft OJSC extracted 1.150 million tons of oil in June 2004. Output growth amounted to 16.4% y-o-y. It is noted that TNK-BP ranks third by its performance in the rating of Interfax ANI information agency. It is reported of Mr. Yury Gryzunov''s appointment General Manager of the enterprise by the Board of Directors of Orenburgneft OJSC. Nadezhda Borissova, Senior General Manager of Orenburgneft OJSC, told of functions performed by the business service of Orenburg Saratov business unit, which she has headed since April 2004. To continue the subject, Mr. Vadim Koretsky, Director of Neftianik SOK, noted that one of the principal goals of crude oil extraction restructuring was to strip business units off non-core assets – houses, fitness and sports centers. They have been transferred to Neftianik sports and fitness center.

Source: Buzuluk STV

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