In relation to the tender for development of the Yuzovskoe field in Ukraine, TNK-BP informs that:
1. TNK-BP welcomes the efforts of the Ukrainian Government for organizing open and transparent submittal and consideration of applications for development of the Yuzovskoe field.
2. In all of its activities, TNK-BP abides by the principles of fair and open competition and adheres to the principles of good faith and business ethics. TNK-BP is sure that further development of the energy sector in Ukraine should be based on these principles. Development of a competitive environment in Ukraine serves the interests of TNK-BP, the state of Ukraine, and end users.
3. TNK-BP is ready to consider its participation in new tenders based on economic viability and profitability of every concrete project and its compliance with the long-term development strategy of the company. TNK-BP is confident that new tenders will be based on clear criteria in accordance with the best international practices.