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The Russian-British TNK-BP Company and Development of the Ukrainian Shelf of the Black Sea

The Russian-British TNK-BP company has the intensions to develop the Ukrainian shelf of the Black Sea and intends to enter the natural gas market of Ukraine, executive director of TNK-BP German Khan, reported to the Kommersant Ukraina newspaper. He noted that the issue was discussed at the meeting of the company leadership with Prime Minister Mykola Azarov and First Vice Prime Minister Andriy Klyuev on April 8.

He added that the projects of the company are being currently studied.

Khan also noted that the company wants to peacefully regulate the conflict with the Pryvatbank group that occurred on the basis of Vik Oil filling stations acquired by the Russian-British holding.

As it was earlier reported, TNK-BP is an international vertically-integrated holding that is part of 10 huge private oil companies in the world.

The company was founded in 2003.

TNK-BP Commerce deals with the assets of TNK-BP (a Russian-British joint venture) in Ukraine: the Lysychansk petroleum refinery (Luhansk region) and a large chain of gasoline filling stations.

TNK-BP is a vertically integrated international holding company. It is one of the ten biggest private oil companies in the world in terms of volume of oil extraction.



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