OREANDA-NEWS. July 08, 2011. TNK-BP (MICEX: TNBP, TNBPP; “The Company”) has announced that the Second TNK-BP Supplier and Contractor Forum will be held in Moscow on September 16, 2011. Participating in the Forum will be Suppliers and Contractors who, in the period from July 7 to August 22, have responded to the questionnaire survey on the official Company web site at www.tnk-bp.com: Supplier and Contractor Questionnaire Survey, reported the press-centre of TNK-BP.

The First TNK-BP Supplier and Contractor Forum was held in September 2010. Based on the Forum outcomes, a mechanism was developed to resolve contracting disputes. Supplier and Contractor Interaction Councils were formed in key operating regions of the Company. To date, special dispute resolution commissions have reviewed 31 grievances, with 50% of them resolved in favor of claimants.

The TNK-BP Supplier and Contractor Forum is an effective tool for setting up a direct dialogue with the Company’s partners, improving the quality of the contracting process, getting the Suppliers and Contractors to understand the principles and practices of working with the Company and identifying and preventing non-compliances with these principles and practices.

“TNK-BP is a major player on the Russian goods and services contracting market, with an annual contracting budget of circa RUR 180 bln. The new supplier and contractor interaction system rolled out since September 2010 is an important element of improving the Company’s performance and achieving its ambitious goals, - said Anatoly Tyomkin, TNK-BP Executive Vice President, - TNK-BP has always adhered to the highest business standards by consistently implementing measures to counter corruption and unfair competition and requiring the same of our suppliers and contractors”.