TNK-BP

TNK-BP will hold a discussion with contractors on the logistics of importing high-tech equipment for the Company’s major projects, aimed at achieving greater efficiency and pricing transparency. TNK-BP is one of the biggest consumers of logistical services, spending around $24 million on freight forwarding services for high-tech equipment in 2011 …

TNK-BP  and Gazprom Neft have agreed to launch a project to optimize governance of the Slavneft group , which they own on a parity basis. The ownership structure of Slavneft will remain unchanged. The project, which is subject to the finalization of certain corporate procedures, envisages that additional management and decision making authorities will …

Buguruslanneft, a subsidiary of TNK-BP, will invest over 160 million rubles this year into implementation of a program aimed at raising the level of utilization of associated petroleum gas in its four largest fields. LLC Buguruslanneft is performing comprehensive works in the Krasnoyarskoe, Tarkhanskoe, Karpovskoe, and Ibryaevskoe fields for fuller …

The Chairman of the Board of Directors of SIBUR Holding Leonid Mikhelson, Executive Director of TNK-BP German Khan and Chairman of the Management of SIBUR Holding Dmitry Konov have signed a set of agreements on strategic partnership between the companies in the areas of production, refining and utilization of hydrocarbon …

BP today confirmed it would begin negotiations with Rosneft for the potential purchase of BP’s shareholding in TNK-BP. BP also confirmed that while conducting parallel discussions with Rosneft and any other interested parties, it will negotiate in good faith with Alfa Access-Renova in accordance with its legal obligations. BP welcomed …

At the SAP summit of SNG dedicated to management of human resources, TNK-BP reported about successful implementation of a performance improvement program of its Human Resources Division through automation of standard processes. TNK-BP presented a program for unification of basic human resources management processes to HR specialists and directors. The …

Rosneft announces that, in connection with BP’s recent statements regarding its intention to pursue a potential sale of its participation in TNK-BP, Rosneft has informed BP of Rosneft’s interest in a potential acquisition of such participation. As a result, the parties agreed to commence negotiations on this matter and signed …

TNK-BP plans to cut electricity costs in it`s artificial lift activities by $31 million this year, as part ofthe Company`s energy efficiency improvement program. The Company intends to integrate energy-efficient technologies in 6,020 wells, which is 35% more than in 2011. Artificial lifting accounts for more than half of the electricity consumed by TNK-BP. The application of …

TNK-BP will spend over 670 million rubles in 2012 on a programme to upgrade the process furnaces at the Ryazan Oil Refinery Company (CJSC RORC is a member of the TNK-BP group of companies). Fifty of the 56 process furnaces included in the programme are to be upgraded by the …

BP announced today that it is beginning the next stage in the process, required under the TNK-BP shareholder agreement, regarding the potential sale of its shareholding in TNK-BP. This follows the decision of Alfa Access-Renova to exercise its right to enter a period of negotiation to purchase part/ all of …