Moscow, October 19, 2012 - TNK-BP repeatedly informs:
1. TNK-BP is aware of the detention of Igor Korneev by the law enforcement authorities.
2. I. Korneev has worked for TNK-BP for about three months during which period he was taking over the business and getting acquainted with the industry which was new to him. He was not directly involved in TNK-BP activities. He was supposed to take up the analysis and expert evaluation in the area of subsoil use regulatory support as soon as all the necessary procedures are completed and knowledge obtained.
3. I. Korneev joined the company moving from the position of the Deputy Chairman of the Government of the Irkutsk Region, Minister of Economics, having worked in managerial positions in federal and regional government authorities.
4. I. Korneev's detention is not related to his work in TNK-BP.
Information for editors:
TNK-BP is Russia's third largest oil company and is owned by BP and the AAR consortium (Alfa Group/Access Industries/Renova) on a parity basis. Additionally, TNK-BP owns approximately 50% of the Russian oil and gas company Slavneft. TNK-BP's share in Russia's oil production (including its share in Slavneft) is about 18%. The Company's total proved SEC LOF reserves are 9.115 billion BOE as of December 31, 2011.
References to "TNK-BP" or "the Group" mean "TNK-BP International and the Company's consolidated subsidiaries" unless the context requires a different reading.
For further information please contact:
TNK-BP Public Affairs Division: Tel. +7 495 363 2757
media@tnk-bp.com
www.tnk-bp.ru
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