Press releases in August 2005

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. 

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.