TNK-BP's Representatives Occupy 5 out of 9 Vacancies in RUSIA Petroleum's Board of Directors
07 Jun 2004

TNK-BP's representatives occupied 5 out of 9 vacancies in the Board of Directors of RUSIA Petroleum (a mineral resource user of the Kovykta gas and condensate field, the Irkutsk Region), the News Service of RUSIA Petroleum informs. A new composition of the Board of Directors was elected at the annual meeting of shareholders of the company in Irkutsk on Friday. In addition, two representatives of the Irkutsk Region and Interros Holding Company were included in the Board of Directors. Mr. Victor Vekselberg, TNK-BP's Managing Director, Production and Technologies, was elected Chairman of the Board of Directors. RUSIA Petroleum OJSC is a mineral resource user of the Kovykta gas and condensate field (proven reserves in the С1+С2 category amount to 2 trillion cubic meters). The capital stock of RUSIA Petroleum is equal to 726.62 million rubles. The major shareholders of RUSIA Petroleum OJSC are TNK-BP (approx. 63%), Interros Holding Company (25.82%), the Irkutsk Region State Property Management Committee (10.78%).

Source INTERFAX

TNK-BP

TNK-BP is a major, vertically integrated Russian oil and gas company. In 2007, average daily oil production totaled 1.6 million barrels per day (excluding a 50% interest of Slavneft). TNK-BP operates five refineries (four in Russia and one in Ukraine) and nearly 1,600 branded retail outlets across both countries.

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