bp holdings capital management - TNK-BP HOLDING

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TNK-BP Holding is an open joint-stock company established in November 2004, registered and operating in Russia. TNK-BP Holding owns the majority of Russian assets of TNK-BP. Minority shareholders own c. 5% in OJSC TNK-BP Holding; indicative quotations for company shares are posted on the RTS Board information system (TNBPI.RTS).

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TNK-BP HOLDING:

TNK-BP HOLDING http://bpholdings1.wordpress.com/

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TNK-BP announces that all of its Russian retail assets have been consolidated within the TNK-BP Holding group of companies. In a transaction between a subsidiary of TNK-BP Holding and STBP Holdings Ltd., the TNK-BP Holding group has consolidated retail business of STBP Holdings Ltd. within Moscow city limits and the Moscow region. The transaction was valued at approximately USD 1.1 bn by an independent appraiser, S&G Partners. With the deal closed, TNK-BP Holding owns 733 retail sites across Russia under BP and TNK brands.

PowerPoint Presentation:

OJSC TNK-BP Holding is an open joint-stock company established in November 2004, registered and operating in Russia. TNK-BP Holding owns the majority of Russian assets of TNK-BP. Minority shareholders own c. 5% in OJSC TNK-BP Holding; indicative quotations for company shares are posted on the RTS Board information system (TNBPI.RTS). TNK-BP is Russia’s third largest oil company, 50% held by BP and 50% held by the AAR Consortium (Alfa Group, Access Industries, and Renova ). TNK-BP also owns close to 50% of another Russian oil and gas company, Slavneft . TNK-BP accounts for approximately 16% of Russia’s production (including its share of Slavneft ). SEC proved reserves (life of field basis) were 8.586 billion boe as of December 31, 2009.

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