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.
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