OREANDA-NEWS. December 09, 2008. Beginning from 2009, TNK-BP will start signing long-term jet fuel supply contracts with air companies based on a price formula, Jonathan Kollek Vice President, Sales, Trading and Logistics (STL), TNK-BP, said to the press, reported the press-centre of TNK-BP.

He explained that TNK-BP has sent letters to all air companies proposing to sign such contracts. TNK-BP has already started supplies of oil products to certain air companies based on a price formula.

According to Mr. Kollek, TNK-BP proposes signing contracts for supply of 10,000 tons of oil products a month so that the air company will use a certain price formula every day according to circumstances.

The Vice President added that TNK-BP hopes to increase the volume of jet fuel supplies in this way.

Mr. Kollek noted also that in 2008 TNK-BP will raise its wholesale of jet fuel in Russia by 5% up to 90,000 tons a month.