OREANDA-NEWS. July 15, 2011. ТNK-BP (MICEX: TNBP, TNBPP; “The Company”) sold 394.3 thousand tons of oil products on commodity exchanges between April and June 2011, constituting 15% of total oil product sales on the domestic market for the same period, reported the press-centre of TNK-ВР.

Since June 2010, exchange sales have made up at least 15% of total domestic sales. Market conditions account for fluctuations in volumes and the share of exchange sales.

In total, TNK-BP sold 783 thousand tons of fuel over exchanges in the first half of 2011.

Jonathan Kollek, TNK-BP Vice President for Sales and Logistics, commented:

“TNK-BP is continuously developing its mechanism for selling oil products on exchanges. Even during the recent fuel crisis the Company executed a high number of sales through transparent exchange instruments. We support the further standardization of exchange trading, which would be in the interest of both market participants and regulators.”