TNK-BP COMMERCE LLC JOINS U.S.-UKRAINE
BUSINESS COUNCIL (USUBC), A MARKET LEADER IN UKRAINE
USUBC, WASHINGTON, D.C., May 7, 2008

WASHINGTON, D.C. - The executive committee of the U.S.-Ukraine
Business Council (USUBC), on behalf of the entire membership, is most
pleased to announce TNK-BP Commerce LLC has been approved as the
72nd member of USUBC.

TNK-BP is a vertically integrated oil company with a diversified upstream
and downstream portfolio in Russia and Ukraine and ranks among ten
largest private oil companies in the world.

TNK-BP operates a retail network of approximately 1,600 filling stations in
Russia and Ukraine working under the BP and TNK brands. The company
is a market leader in Ukraine.

BP is an equal partner in TNK-BP with Alfa Access Renova consortium.
BP is the largest investor in U.S. energy development.  Following a series
of mergers and acquisitions with Amoco, ARCO, Burmah Castrol and
Vastar, by 2001 BP had become the largest oil and gas producer and one
of the largest gasoline retailers in the United States

TNK-BP is headquartered in Moscow and is governed by a multinational
management team with experience of working in over 50 different countries.

On the HSE (Health, Safety & Environment) front, the company has
committed to spend $2.2 bn over the next five years in order to achieve
an industry-leading position in this field.

TNK-BP employs approximately 66,000 people, mostly located in eight
major areas of Russia and Ukraine.

Nicholas Tymoshchuk, Head of International Affairs, TNK-BP Commerce
LLC, Kyiv, will represent the company regarding international relations and
work with USUBC.

"USUBC is very pleased to have TNK-BP Commerce LLC join our rapidly
expanding membership," said Morgan Williams, SigmaBleyzer, who serves
as President of USUBC.  "USUBC looks forward to working with TNK-BP
Commerce LLC in 2008. "

TNK-BP STARTED IN UKRAINE IN 2004 ----

TNK-BP started its operations in Ukraine on June the 11th, 2004. The
corresponding decision has been made by the international holding's
management in connection with the accelerated pace of development of
the business in Ukraine.

The opening of the administrative office in Kyiv testified to a significant
interest on the part of the holding company in this market, the increased
attention to the Ukrainian project from the side of TNK-BP shareholders,
and the long-term and serious intensions of the Russian and British
partners.

The establishment of the company has actually become one of the final
stages of the integration processes between TNK and BP companies,
which began in 2003.

TNK-BP Commerce LLC, functioning as the corporate center of TNK-BP
in Ukraine, manages the group's enterprises, consisting of refining,
production and sale facilities, investment companies, and other enterprises.

TNK-BP Commerce is responsible for developing a single strategy and
unified standards for all of the group's enterprises, exercises control over
their implementation, and monitors the utilization of its assets in Ukraine.

Moreover, it performs functions on the establishment of marketing,
innovation, investment, and recruitment policies, as well as on ensuring the
business security of business of TNK-BP group of companies in Ukraine,
representation of the holding's interests at the state administrative
bodies, and interaction with key business partners and the mass media.

More information is available at: www.tnk-bp.com.ua/en/.

USUBC MEMBERSHIP NOW TOTALS SEVENTY-TWO

TNK-BP Commerce LLC is the 72nd member for USUBC, the 20th new
member for 2008, and the 50th new member since January of 2007. The
USUBC membership has more than tripled in the past 16 months, from
22 members in January of 2007 to 72 members in April of 2008.

The other new members in 2008 are MaxWell USA, Baker and McKenzie
law firm, Och-Ziff Capital Management Group, Dipol Chemical International,
MJA Asset Management, General Dynamics, Lockheed Martin, Halliburton,
DLA Piper law firm, EPAM Systems, DHL International Ukraine, Air Tractor,
Inc., Magisters law firm, Ernst & Young, Umbra LLC., US PolyTech LLC,
Vision TV LLC, Crumpton Group and American Express Bank, a Standard
Charter group company.