MOSCOW, November 9 (Itar-Tass) —— TNK-BP will invest 58 million U.S. dollars in the development of retail sites chain in Ukraine in 2012–2013.
The company is now carrying out 35 rebranding and reconstruction projects at retail sites in Ukraine: 23 gas stations are undergoing rebranding to Orange Dot format; construction and installation and other project activities are in progress at other sites. Before the end of the year, 17 new facilities will be put into operation; the others will be commissioned in 2013, the company said.
“Currently TNK-BP owns 146 retail sites and 11 oil depots located in eight regions of Ukraine. The network expansion is primarily aimed at high priority areas, which include the country's major traffic arteries and the Kiev, Kharkov and Dnepropetrovsk Regions,” Amir Feizulin, First Deputy Executive Vice President, Downstream, said.