TNK-BP and Ashland Inc. Signed Five-Year Agreement to Distribute Valvoline™ Motor Oil to Passenger Car Market in Russia
TNK-BP is one of the largest vertically integrated Russian oil and gas companies. In 2011, average daily oil production totaled 1.99 million barrels per day (including a 50% interest of Slavneft and Venezuela assets). TNK-BP operates five refineries (four in Russia and one in Ukraine) and nearly 1,388 branded retail outlets (including Ukraine and Belarus).