Press releases in November 2008 | |||
TNK-BP Commerce has lowered wholesale prices for petroleum products
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Reduction in prices is connected with the resumption of work of the Lisichansk Oil Refinery.
The LLC TNK-BP Commerce has reduced its prices for the wholesale lots of the petroleum products in connection with the fact that the Lisichansk Oil Refinery has reached its planned technological regime of work. «The market has started to get petroleum products’ lots, produced by the refinery out of the cheaper petroleum, — Sergey Lizunov, LLC TNK-BP Commerce President, has noted. — In general we reduced our prices from the beginning of October by 1100—1300 hryvnya/ton. Last week the prices for the most popular kinds of fuel — Ŕ-95 gasoline and the diesel fuel — were lowered up to 5100 hryvnya/ton».
According to Sergey Lizunov, the average price of petroleum in November was lowered up to 55 USD/barrel, and the current crude oil sales at the international market are already carried out at a price below 50 US Dollars/barrel. «We are always among the first to react on the processes, appearing at the market, — Sergey Lizunov has underlined. — The Company has a responsible price policy and accurately observes its agreements with the Government regarding the formula price formation. Certain reduction in the retail prices should follow the reduction in the fuel wholesale sector prices with a certain time «lag».
According to the previously informed data, in November the Lisichansk Oil Refinery plans to process approximately 425 thousand tons of petroleum, 15 thousand tons of black oil, and 10 thousand tons of the straight-run gasoline. Until the end of the current month the refinery is going to produce approximately 120 thousand tons of gasoline and 130 thousand tons of the diesel fuel.
Reference
TNK-BP is the international vertically integrated holding, ranked among top ten world largest private oil companies on oil extraction.
The Company was established in 2003 as a result of the merger of ÂĐ Company oil and gas assets in Russia and the oil and gas assets of Alpha, Access/Renova (ŔŔR) Consortium.
In Ukraine TNK-BP deals with the crude oil refining and wholesale and retail trading of the petroleum products.
The business of TNK-BP Group in Ukraine is represented by the following key enterprises:
LLC «TNK-BP Commerce» — the managing center, wholesale oil products’ trading at internal and external markets, carrying out of the coordinated investment policy, and ensuring of maximum efficiency in assets’ utilization;
JV LLC «Kersher» — retail trading of oil products via the network of proper and jobber fuel stations, and fuel stations’ management; and
CJSC «LINIK» (Lisichansk Oil Refinery) — crude oil processing and output of products.
TNK-BP is a responsible and transparent company, one of the strategic objectives of which consists in ensuring of the long-term sustainable development of its business in Ukraine on the basis of the corporate social responsibility principles.
The priorities of the Company’s activities include the establishment of the safe working environment for employees; ensuring of a fair remuneration for their labor and their professional growth; reduction in the degree of the technogeneous impact of production over the environment; and the provision of high-quality products and services to customers.
For further information please contact the LLC TNK-BP Commerce Public Communications Department by phone:
Source: Public Communications Department