TNK-BP Increased Fuel Trading by 24% in Q4 2010
OREANDA-NEWS. January 27, 2011. In October-December 2010 TNK-BP sold 548k tons of petroleum products through exchange, which is 24% higher versus Q3 level, reported the press-centre of TNK-BP.
Fuel trading via exchange in October-December 2010 amounted to 20.7% of domestic market sales, which is above TNK-BP business plan that envisaged at least 20% trading volumes by late 2010.
“Total TNK-BP sales through exchange in 2010 amounted to 1.460 mln tons of fuel”, said Jonathan Kollek, Vice President, STL, TNK-BP. “We support further development of exchange trading mechanisms which represent a transparent tool for setting fair market prices”.
Currently TNK-BP sells via Russian exchanges petroleum products from all its refineries, including Lisichansk (LINIK, Ukraine).
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