TNK-BP

Industry:

Chemicals, Petrochemicals, Glass & Gases, Petrochemicals

Description

TNK-BP is a major Russian vertically integrated oil company, established in September 2003 as a result of the merger of Russian companies TNK (Tyumen Oil Co.) and SIDANCO with the majority of BP's Russian oil assets.

The company is 50% owned by BP and 50% by a group of prominent Russian investors: Alfa Group, Access Industries and Renova (AAR). The shareholders of TNK-BP also control 50% of Slavneft. This interest will eventually be integrated into TNK-BP. TNK-BP is headquartered in Moscow and is governed by a multinational management team, which consists of Russian and international executives who have worked in more than 50 countries worldwide. The team combines the best of Russian and international talent and experience and includes executives from BP, TNK, Sidanco and other international companies.

Products & Services

oil

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News Archive

TNK-BP says dividends used for internal company settlements. Russia & CIS Business and Financial Newswire; 11/5/2009 TNK-BP says dividends used for internal company...Nov 5 (Interfax) - The dividends that TNK-BP (RTS: TNBP) Holding pays to its parent company TNK-BP Ltd are used primarily to settle debt inside... ...more

Maxim Barsky Selected to Become Next TNK-BP CEO; BP and AAR today announced the appointment of Maxim Barsky as TNK-BP's next CEO. M2 Presswire; 11/20/2009 ...Maxim Barsky Selected to Become Next TNK-BP CEO; BP and AAR today announced the appointment of Maxim Barsky as TNK-BP's next CEO(C)1994-2009 M2 COMMUNICATIONS RDATE:19112009 The TNK-BP board of directors unanimously agreed... ...more

Moody's changes outlook on TNK-BP Baa2 ratings to Stable. Russia & CIS Business and Financial Newswire; 10/29/2009 Moody's changes outlook on TNK-BP Baa2 ratings to Stable MOSCOW. Oct 29 (Interfax...changed the outlook to stable from developing on TNK-BP International Ltd's ("TNK-BP") Baa2 ratings, the rating agency said in a... ...more