OREANDA-NEWS On 08 October was announced, that Rospan International as TNK-BP sub gushed out 20bn m3 of gas.

The Company was set up in 1994. From 2003 the assets are held by TNK-BP which provided the 2.7 fold rise in the output. In 2008 the output gained 2.5bn m3.

TNK-BP Management is a management company providing control over the assets of TNK-BP Holding and its subs.

TNK BP Holding involves the major part of the TNK BP-held assets. In 2005 it completed the swap of the stocks of 14 subs for the stocks of the Holding on the voluntary basis. In Dec. it finished the second stage of the corporate

restructuring through the takeover of TNK, SIDANKO, ONAKO.

The Holding doesn't include Ukraine-based TNK BP, RUSIA Petroleum, share in Slavneft and fuel stations in Moscow held by STBP Holdings.

The minority of the merged subs get 5.1% in TNK BP Holding; remained stocks are under control of BP, Alfa Group and Access Industries (Renova Group) at par.

The IH net profit (US GAAP) was halved to USD 2.34bn from USD 4.885bn; revenues declined two times to USD 12.764bn from USD 24.914bn; pretax profit - to USD 2.937bn from USD 6.133bn; EBITDA - 46% to USD 3.7bn.