TNK-BP Will Focus on Fuel Retail Sales in Ukraine, Khan Says

TNK-BP, which has halted its Linik (TLNICRUD) oil refinery in Ukraine indefinitely, plans to use fuel imports for its retail stations in the country.

The company’s 160 retail outlets will make up the main part of its business in Ukraine, German Khan, TNK-BP’s executive director, told reporters today in Kiev.

TNK-BP, Russia’s third-largest crude producer, is cutting half of its staff in Ukraine after the operations lost money in the last two years, according to an April 9 statement.

To contact the reporter on this story: Kateryna Choursina in Moscow at kchoursina@bloomberg.net

To contact the editor responsible for this story: Stephen Voss at sev@bloomberg.net

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