The future of the Russian oil company Slavneft will be clear after the merger between TNK and BP is completed, TNK-BP Chief Executive Officer Robert Dudley reported today. Mikhail Fridman, the Chairman of the Board of TNK-BP, said, in his turn, talks over the merger between TNK and BP are expected to be completed within this week. It is planned that the corresponding documents will be signed during President Putin's visit to the UK scheduled for late June.
According to a 2002 international inspection, oil reserves of the new company amount to about 9.48bn barrels. Daily oil production comes to 1.21m barrels. The new company will be the owner of five oil refineries with a daily capacity of 1m barrel of oil each, as well as over 2,100 gas stations throughout Russia and Ukraine.