Moscow, August 22, 2012 –TNK-BP reports that in October 2012 it is planning to commission its first own gas storage facility in Ukraine to develop sales channels and ensure effective control over fuel quality for corporate clients.
Within the framework of B2B gas segment development, TNK-BP is launching a pilot project in Ukraine to deliver LPG small wholesale, which will make it possible to enhance quality control and secure direct supplies of high-quality hydrocarbon feedstock to retail sites. The Company has announced a tender for LPG transshipment and storage services. The Company is planning to lease gas storage facilities that will provide high-quality LPG handling services for the Company. It is supposed to arrange LPG deliveries from Orenburg, Ryazan and YaNOS refineries as well as from Mozyr in Byelorussia.
According to Dmitry Ustinov, Vice President, Business Marketing and New Business Development, TNK-BP, the project implementation will allow for at least twofold increase of LPG sales as early as in 2013. “Gas storage facility setup in Ukraine will not only result in sales growth but will also assure quality control from the refinery to the end consumer. We will materially reduce logistical and economic costs while securing a high service level and most comfortable environment for our corporate clients interested in reliable LPG supplies”, he noted.
Information for Editors:
TNK-BP is Russia’s third largest oil company and is owned by BP and the AAR consortium (Alfa Group/Access Industries/Renova) on a parity basis. Additionally, TNK-BP owns approximately 50% of the Russian oil and gas company Slavneft. TNK-BP’s share in Russia’s oil production (including its share in Slavneft) is about 16%. The Company’s total proved SEC LOF reserves are 9.115 billion BOE as of December 31, 2011.
References to “TNK-BP” or “the Group” mean “TNK-BP International and the Company’s consolidated subsidiaries” unless the context requires a different reading.
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