Ratings // News

TNK-BP reports that its Orenburg Conflict Resolution Commission held a regular meeting this week to review contractor applications about tenders. Upon reviewing one of the applications, the Commission ruled in favor of the contractor.

TNK-BP announces the cancellation of a Board meeting that had been scheduled for May 25, 2012.

TNK-BP has announced the appointment of Evert Henkes to the Board of Directors of TNK-BP Limited as a BP-nominated independent director. Mr.Henkes becomes the 10th member of the Board of Directors of TNK-BP Limited and the second of the Board’s three independent directors.

Khanty-Mansiysk. On May 18, 2012 Salym Petroleum Development N.V. (SPD), OOO “Monolit” and OAO NK RussNeft launched the liquefied petroleum gas (LPG) plant located in Salym group of oil fields in Western Siberia.

Gazprom Neft has announced the results of the tender to select a contractor to test and complete eleven wells at the oil field in Badra, Iraq. The contract, worth around US$95 million, was awarded to U.S. oil field service group Halliburton arrow.jpg.

11,125 inventions, utility models and rationalization proposals were introduced in the production at OAO TATNEFT in 2011 and the Company received 213 patents for inventions and utility models.

ТNK-BP informs that Magistral Card incorporated into the TNK-BP Group of companies) has considerably raised the protection level of the Unified TNK Card in the Security Tariff.

Rustam Minnikhanov, President of Tatarstan, held a working conference at OAO "TANECO" (Nizhnekamsk, Republic of Tatarstan), where the issues of operating 1A1 Start-up complex facilities and further implementation of the Project were discussed.

TNK-BP announces that CJSC Rospan International (a subsidiary of TNK-BP) jointly with independent technical supervision organizations has begun devising a plan of action to improve quality control and safety standards during construction of an inter-field pipeline in Yamal.

Compliance with the environmental legislation at the facilities of OAO TATNEFT is ensured by the production and environmental control system (PEC) and environmental analytical control.

TNK-BP 10 May, 2012 reported its results for the first quarter of 2012.

Rosneft and Statoil signed a cooperation agreement to jointly explore offshore fields in the Russian sections of the Barents Sea and Sea of Okhotsk. The agreement also covers Rosneft’s participation in the exploration of license blocks in the Norwegian part of the Barents Sea, as well as the possible acquisition by Rosneft of interests in Statoil’s international projects.

The tire complex of OAO TATNEFT will present their products at REIFEN-2012, the XXVII-th World's Fair of tires, technologies, equipment and materials for their production, which will be held in Essen from June 5 to 8.

An annual conference of inventors and innovators, where the innovative activities for 2011 were summed up, was held at OAO TATNEFT.

On May 4, the President of JSOC Bashneft Alexander Korsik and the Governor of the Nenets Autonomous District Igor Fyodorov visited the Trebs oilfield and inspected the implementation of emergency response activities. An oil spill happened on April 5 during an exploration well reentry.

The Board of Directors of OJSC TNK-BP Holding (TBH), the Russian holding company of TNK-BP Group, has decided to convene the annual general shareholders meeting of TBH on June 28, 2012.

The 1,220 km long Nord Stream pipeline will be 1.4 billion EUR more expensive than estimated in 2008.

The Gazprom headquarters hosted today a working meeting between Alexey Miller, Chairman of the Company's Management Committee and Jean-Francois Cirelli, Vice Chairman and President of GDF SUEZ.

OAO TATNEFT produced 2,128,087 tons of crude oil in April, while the production volume for four months amounted to 8,581,700 tons accounting for 56,819 tons increase versus 2011 (100.7%) with the above-the-plan production amounting to 187,498 tons (102.2%).

Arkadiy Abramovich, the 17-year-old son of Russian billionaire Roman Abramovich, is seeking to snap up oil and gas assets in Russia and the former Soviet Union, potentially making a purchase early next year.