TNK-BP Announces Appointment of the Executive Vice President Strategy and Business Development

In his latest position, Stan Miroshnik was an Executive Director and head of the Russia and CIS energy practice at Morgan Stanley. His previous role involved strategic, corporate finance, and M&A advisory for Russia’s major oil and gas companies. In his nine years with Morgan Stanley Mr. Miroshnik had a diverse worldwide experience (New York, Moscow, and London), acquiring broad expertise in various sectors with a focus on energy and natural resources. Within the scope of his activity at Morgan Stanley, Mr. Miroshnik has successfully advised on a number of major financing and strategic transactions in the sector in the past several years. Mr. Miroshnik graduated from the University of California, Berkeley, with degrees in Molecular Biology and in Business Administration from the Haas School of Business.            
“We congratulate Stan Miroshnik with his appointment to this important position at TNK-BP,” said German Khan, Executive Director of TNK-BP. “We are pleased to see our management team reinforced by fresh ideas and expertise that are contributed by new cadres and that will enhance the strategic development of our company.”  
TNK-BP is Russia’s third largest oil company, 50% owned by BP and 50% owned by AAR (Alfa, Access Renova). TNK-BP also owns close to 50% of another Russian oil and gas company, Slavneft. TNK-BP accounts for approximately 16% of Russia’s oil production (including its share in Slavneft). SEC proved reserves (life of field basis) were 8.112 billion boe as of December 31, 2008. The company’s upstream operations are located in West and East Siberia and the Volga-Urals region. TNK-BP owns and operates five refineries in Russia and Ukraine, and retails through a network of 1,400 service stations working under the BP and TNK brands.