OREANDA-NEWS. April 30, 2010. TNK-BP has announced that today it signed a jet fuel supply contract with the Russian Ministry of Defense. The contract was concluded after the first-ever electronic tender conducted by the Ministry of Defense. The total volume of supplies under this contract will amount to 235,000 tons from May to October 2010, the press-centre of TNK-BP reported.

Aiming to accelerate the development of the domestic fuel market the Russian Government has required all government enterprises and agencies to procure oil products through electronic tenders only starting from 2010.

“TNK-BP has been a regular fuel supplier to the Ministry of Defense and its structures. The new contract is the largest in the history of our cooperation, its volume amounts to one fifth of TNK-BP’s annual jet fuel production. We intend to continue bidding in electronic tenders of the Ministry of Defense and other government agencies, and also develop oil product exchange trading that we view as a transparent market mechanism”, said Dmitry Ustinov, Vice President, Business Marketing and New Business Development, TNK-BP.