OREANDA-NEWS. March 27, 2008. TNK-BP is going to invest \\$500 million in 2008–2012 into organic growth of its sales assets, says the newsletter of the company.

According to the newsletter, TNK-BP is following the strategy of simultaneous development of its two brands – BP and TNK – through its own network of fuel stations.

In 2006, the company started a logistic transformation project for streamlining the operation of its oil depots, upgrading its oil storages, and renewing its vehicle fleet. Approximately \\$110 million will be invested into implementation of these measures in 2006–2012.

As reported earlier, the company is going to expand its presence in the retail market of oil products and continue purchasing land plots in regions for construction of fuel stations, as, for example, in Krasnodar Krai. Apart from that, TNK-BP will invest over \\$150 million until 2013 into development of a network of fuel stations in Saint Petersburg, where more than 50 fuel stations will be constructed under the brands of both TNK and BP.

Currently, TNK-BP is concluding contracts for buying a network of fuel stations in Moscow and Moscow Region, after which the company may account for more than 20% of retail sales of oil products in this area. At the beginning of this year, the company owned approximately 100 fuel stations in Moscow and Moscow Region working under the brands of BP and TNK and 70 jobber retail outlets.