TNK-Uvat (a subsidiary of TNK-BP) has begun building the first phase of a camp at the Ust-Tegusskoe field in the eastern part of the Uvat district.
Preparations for this procedure are continuing with the expectation that it could be activated on the morning of Wednesday May 26, 2010.
The Federal Antimonopoly Service (FAS Russia) initiated a case against the group of persons «EvrazHolding» Ltd. for the signs of abusing dominance on the market of graded rolled metal products (Article 10 of the Federal Law «On Protection of Competition»).
TNK-BP announced that it has completed seismic exploration of all of its fields in the Astrakhan region: Svetlosharinskoye, Kirikilinskoye and Vatazhnoye Severnoye.
Revenues in Q1 2010 rose 72% to USD 7,296 mln (Q1 2009: USD 4,242 mln). Growth was driven by oil and oil product price rises together with increases in oil production and processing.
Russia and Bangladesh have signed an intergovernmental agreement on cooperation in the field of atomic energy for peaceful purposes.
The Ryazan Oil Refinery Company (a subsidiary of TNK-BP) launched its corporate Best in Professional contest today.
Over 3.2 mln tons of oil were produced at the oilfields of Sorochinskneft (a subsidiary of TNK-BP) between January and April 2010 – 12.2% up on the same period last year.
A regular meeting of the Board of Directors of OAO TATNEFT was held in Kazan (Republic of Tatarstan) on May 24. In the course of work the meeting discussed the Company's budget execution for the four months period of 2010 and approved the budget for June of the current year.
The net profit of IDGC of the Northwest, JSC by IFRS amounted to RUR 48, 3 million in 2009.