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Press releases in August 2005

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August 17, 2005, Wednesday
TNK-BP Funds Pilot Development of the Verkhnechonskoye Field
TNK-BP confirmed today that its Board of Directors has agreed to fund up to $270 million for pilot development of the Verkhnechonskoye oil and gas condensate field in the Katangsky Region of the Irkutsk Oblast. 
August 10, 2005, Wednesday
TNK-BP Receives Results of Tax Review
TNK-BP has received a ruling from the Federal Tax Service relating to the results of the repeat tax audit of TNK for 2001, amounting to R6.98 billion. This ruling reflects the response submitted by TNK to the earlier findings of the tax audit.
August 03, 2005, Wednesday
TNK-BP Announces Subsidiary Share Exchange

TNK-BP today announced the launch of a program to exchange minority shares in its 14 Russian subsidiaries for shares in OAO TNK-BP Holding.

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