TNK-BP to Invest $58 mln in Development of Retail Sites Chain in Ukraine in 2012–201

TNK-BP informs that its investment in the development of retail sites chain in Ukraine in 2012–2013 will amount to $58 million.

At the moment, the Company is executing 35 rebranding and reconstruction projects at retail sites in Ukraine: 23 gas stations are undergoing rebranding to Orange Dot format; construction and installation and other project activities are in progress at other sites. Before the year end, 17 new facilities will be put into operation; the others will be commissioned in 2013.

“Currently TNK-BP owns 146 retail sites and 11 oil depots located in eight regions of Ukraine. The network expansion is primarily aimed at high priority areas, which include the country’s major traffic arteries and the Kyiv, Kharkiv and Dnepropetrovsk Regions,” says Amir Feizulin, First Deputy Executive Vice President, Downstream.

Source