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March 24, 2003
Alfa Group Consortium

Sibneft to Sell 38% of Orenburgneft, 1% of ONACO to TNK

INTERFAX Tyumen Oil Company and Sibneft have reached agreement on the sale to TNK of 38% of Orenburgneft and 1% of ONACO belonging to Sibneft, TNK and Sibneft said in a joint press release. The decision to consolidate the ONACO assets was reached as part of preparations to divide Slavneft...

TAG: Other

March 12, 2003
Alfa Group Consortium

BP'S ROBERT DUDLEY APPOINTED CEO OF RUSSIAN OIL VENTURE TNK

BLOOMBERG BP Plc and its Russian partners appointed BP Vice President Robert Dudley as chief executive officer for a venture called TNK-BP that will be Russia's No. 3 oil producer. BP last month agreed to invest $6.75 billion in the venture with the owners of Tyumen Oil Co., which will pump 1.2...

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February 17, 2003
ABH Holdings S.A.

Global Finance names Alfa Bank Best Trade Finance Bank in Russia for 2003

Alfa Bank has also been voted Best Bank in Russia by Global Finance for four consecutive years. According to Global Finance, Alfa Bank, Russia? s largest private bank, is notable for its effective combination of Western and Russian management. In addition, as part of a strategy to develop a...

TAG: Financial Services

February 11, 2003

Strategic partnership between Russian investors and BP

The new company will have 9,488 mm boe of proved reserves (according to the 2002 independent reserve audit) and 1.21 mm boe of daily production. The new company will own five refineries with the 1,000 mbd of total installed capacity and operate a retail network with over 2,100 outlets in Russia...

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