Bloomberg News

TNK-BP Signs Contract With Transneft for Zapolyarye-Purpe Link

December 14, 2011

Dec. 14 (Bloomberg) -- TNK-BP signed a long-term contract to ship oil via OAO Transneft’s planned Zapolyarye-Purpe link, which will feed into the East Siberia-Pacific Ocean pipeline.

TNK-BP will be the largest supplier to the link and plans to start transporting oil from its Yamal fields in 2016, the Russian crude producer said today in an e-mailed statement.

To contact the reporter on this story: Stephen Bierman in Moscow at sbierman1@bloomberg.net

To contact the editor responsible for this story: Torrey Clark at tclark8@bloomberg.net


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