Monday, June 26, 2017

TNK-BP mulling purchase of Koltsovo Airport fueling complex

TNK-BP's board of trustees is currently exploring the possibility of purchasing a fueling complex.

The complex is for the Koltsovo Airport in Yekaterinburg, and the possible purchase will be discussed at a Monday, Feb. 27, meeting, Bloomberg.com reports.

TNK-BP is Russia's third largest oil producer and among the 10 largest private oil companies in the world. It is 50 percent owned by BP and 50 percent by a group of Russian businessmen, represented by the Alfa-Access-Renova consortium. Since the merger in 2003 between BP's and AAR's assets in Russia and Ukraine, TNK-BP has expanded through acquisitions.

The Koltsovo Airport is an international airport located 16 kilometers southeast of Yekaterinburg. It is the hub for Ural Airlines and Aviacon Zitotrans. The airport - the fifth larges in Russia - was opened in 1928 as a military airbase and became a civilian airport in July 1943. In October 1993 it acquired international status.