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  Friday, December 13, 2019
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TNK-BP plans to cut oil and petrochemical exports
TNK-BP plans to cut oil and petrochemical exports by 4% to 58.2 million metric tons in 2008, the Russian-British joint oil venture's acting vice-president for refining and marketing said on Thursday.

The crude producer expects to have exported a total of 41.2 million tons (303 million bbl) of oil and 17 million metric tons of petrochemicals by the end of this year, Alexander Kaplan said.

The company also expects to refine a total of 30 million metric tons of oil in 2008, against last year's 28 million. Petrochemical sales on the domestic market are expected to grow 3% to 12 million metric tons.

The company will disclose its oil refining plans for 2009 after approving a business plan at a board meeting on December 11.


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