Downstream

For 2013, Alliance Oil Company plans to further reduce upstream capital expenditures to 250-290 MUSD[1] and focus on organic development of production assets in all regions, launching gas production in the Tomsk region and evaluating exploration potential in the Timano-Pechora region. Downstream capital expenditures are budgeted at 430-490 MUSD[2], essentially in line with 2012 …

In 2012, Alliance Oil Company’s total upstream volumes increased by 10% to 19.7mbbl (53,900 bopd) from 17.9 mbbl (49,000 bopd) in 2011. The preliminaryrefining volumes in 2012 increased by 13% to 29.3 mbbl (80,100 bopd) from 26.9 mbbl (73,650 bopd). Preliminary crude oil and oil product sales amounted to 19.3 mbbl and 29.9 mbbl respectively in …

TNK-BP announces that it has been joined by Johan van Scherpenzeel and Andrey Mukhachev who previously held managing positions in major international oil and gas companies. Johan van Scherpenzeel has been appointed Vice President, Operations, Downstream. In that position, he will lead and manage the oil refining segment of the …