TNK BP Holding BOD failed to hold a sitting November 23rd 2012 due to the lack of the quorum. The agenda covered approval of several deals and gas shipment contract with Orenburgneft.
TNK-BP (TIN 7225004092) was formed in 2004. It is ranked as the third largest oil company in Russia held by BP and AAP. TNK-BP Holding keeps the major portion of the TNK BP owned assets including TNK, ONAKO, SIDANKO acquired within the corporate restructuring.
It doesn't include TNK BP held assets in Ukraine and NGK Slavneft and some others. The minority holds about 5% in the Holding. It holds 50% in Slavneft. TNK-BP accounts for 16% of the total oil output in Russia. The proved reserves gained 8.794 billion oil equivalent this year start.
The IH 2012 net profit at TNK-BP lost 34.4% to come to USD 3.373 billion from USD 5.145 billion. The revenues added 2.7% to gain USD 21.033 billion from USD 21.608 billion. The operating profit dropped to USD 4.754 billion from USD 6.44 billion.
The IH 2012 net profit tumbled 32% to RUB 84.958 billion revenues climbed up 7% to RUB 503.285 billion from RUB 469.415 billion. The 9 month 2012 net profit at TNK-BP declined 13% to USD 5.718 billion. The gross revenues added 4% to reach USD 46.067 billion on the 1.4% rise in Urals prices and output growth. EBITDA gained USD 10.164 billion or 6% below last year period net debts being down to USD 4.34 billion from USD 5.067 billion.
