|
«As one of the largest jet fuel producers in Russia, TNK-BP has been supplying substantial volumes to Sheremetyevo International Airport since 2009”, said Dmitry Ustinov, Vice President, Business Marketing and New Business Development. «We intend to continue meeting Sheremetyevo’s requirements for high-quality jet fuel, as well as participating jointly with the airport in a comprehensive modernization programme of its jet fuel supply system». The modernization programme is designed to upgrade the fueling equipment, install a failsafe jet fuel supply system and bring it into line with modern safety and environmental standards. According to preliminary estimates, investment in modernizing the fueling complex at Sheremetyevo airport will exceed 2 bln rubles. TNK-BP is the third largest oil company in Russia and is equally owned by BP and the AAR consortium (Alfa Group / Access Industries /Renova). TNK-BP also owns around 50% of the Russian oil & gas company Slavneft. TNK-BP accounts for around 16% of Russia’s oil production (including TNK-BP’s share of Slavneft). As of December 31, 2010, the company’s total proven reserves under SEC life-of-field rules amounted to 8.794 bn boe. References to “TNK-BP” or “Group” mean “TNK-BP International and the company’s consolidated subsidiaries” unless the context requires otherwise. TNK-BP |
TNK-BP Acquires 74.9% of Sheremetyevo’s Fueling Complex