TNK-BP Will Trade 130,000 Tonnes of Petroleum Products in June

Мая 27, 2010

TNK-BP announced its decision to sell through auctions and exchange trading in June 130,000 tonnes of petroleum products, which is the maximum volume since it began to participate in the trading in March 2009.

This will exceed 15% of the company’s domestic sales of petroleum products.
«TNK-BP is committed to sell maximum volumes of petroleum products through the exchange. The company regards exchange trading as the most effective and transparent mechanism of determining the domestic market price of petroleum products. For the last two months the liquidity on the exchange trading has been poor due to technical reasons related to the domestic market, however we expect demand in June to recover and are geared to increase our supply”, — said Jonathan Kollek, TNK-BP’s Senior Vice President for Sales, Trading and Logistics.