TNK-BP Plans to Spend $7.5 BN in 2012 on Russian Goods and Services
TNK-BP is retaining its leadership in the Russian goods and services market, with plans to spend $7.5 bn in 2012. The Company will place around 80% of its total orders for equipment and materials with Russian suppliers.
Implementation of TNK-BP’s major programmes, including its flagship projects in Yamal and northern Krasnoyarsk region, is one of the most important factors driving the development of both the Company and Russian high-tech industrial manufacturers. TNK-BP pays particular attention to building strategic relationships with its partners and more than half of all contracts have now been placed on a long-term footing (on average up to 3 years).
TNK-BP Vice President, Upstream Supply Chain Management, Olga Malyshkina, stresses: “The Company has made its contracting system more efficient by greatly simplifying its procurement procedures, standardizing contracts, and introducing a common prequalification mechanism and an online auction system. We have also created an effective mechanism for receiving feedback from current and potential partners. These efforts are generally being well received by the market.”