TNK-BP ALLOCATING MORE THAN NINE MILLION UAH TO SUPPORT SOCIAL PROGRAMS IN LUGANSK REGION IN UKRAINE IN 2010 

TNK-BP, Kyiv, Ukraine, Thursday, June 17, 2010

KYIV - On June 17, 2010, the chairman of Lugansk regional administration Valeriy Golenko, chairman of Lugansk regional council Vladimir Pristyuk and president of TNK-BP Commerce LLC Sergey Lizunov signed a social partnership agreement. The parties committed to facilitate settlement of social problems in the region and to support stable and effective operations of Lisichansk refinery (CJSC LINIK, Lugansk region).

"We much appreciate the concern that local authorities express to needs of Lisichansk refinery”, President of TNK-BP Commerce LLC Sergey Lizunov noted. “In turn, our company is striving to contribute more efforts to improve social living standards in the region. We expect that our consolidated efforts will make the refinery even more efficient in the short run, which will have a positive impact both on the regional economy and that of the whole country”.

The reached agreements foresee that Lugansk regional administration and Lugansk regionak council will further attraction of additional investments in Lisichansk refinery for its further development and will promote solution of arising problematic issues. In return, the company will ensure stable operations of the refinery and its technical upgrade, and will finance ongoing regional social projects for over nine million UAH in 2010 [approximately $1.12 million US dollars]

In particular, within the framework of the agreement it is expected to provide a financial relief to socially vulnerable groups, large families and handicapped children as well as veterans of WW2. Besides, it provides for implementation of such measures as maternity and childhood protection, development of local sciences, education, culture, and sports.

“Support of socially responsible companies is one of the key tasks of the authorities, because it affects living standards of people”, Valeriy Gorlenko noticed. “For over 10 years TNK-BP has enabled running of one of the largest enterprises in the region. We are interested in further development of industrial production at CJSC LINIK, and attraction of long-term investments and international high technologies”.

TNK-BP is one of the world’s top-ten privately owned oil companies measured by crude oil production. The company was established through the merger of BP’s Russian oil and gas assets and those of the Alfa Access/Renova consortium (AAR). TNK-BP’s business groups in Ukraine are represented by the following key enterprises:

            TNK-BP Commerce LLC — a managing center, wholesale of oil products in the domestic and foreign markets, conduction of coordinated investment
             policy, ensuring maximum efficiency of the assets’ usage;
            CJSC LINIK (Lisichansk refinery) — refining of crude oil and oil goods production;
            JV Kersher LLC — retail of oil products through the chain of fuel retail sites, sites management.

TNK-BP is a socially responsible and transparent company. One of the company’s strategic goals is ensuring sustainable growth of its business in Ukraine based on corporate social responsibility principles.

The business priorities of the company are creation of a safe environment for employees, guaranteeing fair labor remuneration, professional growth, reduction of the level of anthropogenic impact on the environment and provision of high-quality services to consumers. The company aims to have a positive impact on life of the society through implementation of social investment programs.

TNK-BP’s charitable aid has a target nature. It is primarily aimed at supporting those regions, where TNK-ВР conducts its operations. First of all, these are Lisichansk town and Lugansk regions in general.

TNK-BP’s charitable aid in Ukraine is aimed at protection of maternity and childhood, development of spirituality, education, science and sports, and is provided in the first place to sick and destitute children, senior people, veterans of WW2, veterans of oil and gas industry and oil refining industry of Ukraine.

The largest charitable projects of TNK-BP in Ukraine are directed at improvement of reproductive health of mothers and health of newborns, as well as provision of rehabilitation and medical assistance to children with special needs.
In 2008—2009, TNK-BP allocated around ten million hryvnias to support of social programs in Lugansk region.

LINK: http://www.tnk-bp.com.ua/en/press/releases/2010/6/85/

NOTE:  TNK-BP in Ukraine is a member of the U.S.-Ukraine Business Council (USUBC), Washington, D.C., www.usubc.org.