OREANDA-NEWS. February 11, 2011. TNK-BP announced the company will lower diesel retail price (winter quality) by 1.20 rubles per liter, reported the press-centre of TNK-BP.

The price reduction will take place at all TNK-BP retail sites operating in Russia.

Notes to editors:
TNK-BP is Russia’s third largest oil company, 50% held by BP and 50% held by the AAR Consortium (Alfa Group, Access Industries, and Renova). TNK-BP also owns close to 50% of another Russian oil and gas company, Slavneft. TNK-BP accounts for approximately 16% of Russia’s production (including its share of Slavneft). SEC proved reserves (life of field basis) were 8.586 billion boe as of December 31, 2009.