Source Pravda.Ru

TNK holding talks on setting up oil product exchange in Russia

The Tyumen Oil Company (TNK) together with other oil companies is planning to set up an oil product exchange in mid-2004, TNK Senior Vice President Alexander Blokh told journalists today. The announcement was made at an opening presentation of the company's electronic trade system for trading oil products. The system has been created in collaboration with EPAM Systems and Novell. The cost of the project amounted to less than $500,000 with a two-year payback period. According to Blokh, TNK is currently holding talks with several "friendly oil companies" on setting up an oil product exchange. The implementation of the project is expected to last 6 to 8 months and cost less than $1m, Blokh claimed.

© &to=http://www.rbcnews.com' target=_blank>RBC

Comments
Three scenarios of new super sanctions against Russia published
Can Russia perform under Soviet flag during 2018 Winter Olympics?
USA will seize Kuril Islands immediately if Russia delivers them to Japan
German experts name Russia's most dangerous weapon
Report about USSR's unique lunar mission declassified
Europeans say what puzzles them in Russia most
Russia's new torpedo carrying 100-megaton nuclear warhead nullifies USA's Prompt Global Strike
The Green Africa project
The Green Africa project
Can Russia perform under Soviet flag during 2018 Winter Olympics?
The Green Africa project
Russia's new torpedo carrying 100-megaton nuclear warhead nullifies USA's Prompt Global Strike
The Green Africa project
Russia's new torpedo carrying 100-megaton nuclear warhead nullifies USA's Prompt Global Strike
The Green Africa project
Report about USSR's unique lunar mission declassified
Keys to understanding the world from Feminism - Science and Feminism
Sheep disrupt the work of US missile defences in Romania
Sheep disrupt the work of US missile defences in Romania
Russia strongly opposed to reinstating death penalty
Russia's new torpedo carrying 100-megaton nuclear warhead nullifies USA's Prompt Global Strike