MOSCOW, Feb. 20 – TNK-BP is in negotiations on joining oil and gas production projects in Ukraine, Boris Zilbermints, the Russian company's Senior Vice President for International Projects and Business Development, told reporters.

"We are at quite an advanced stage of negotiations on acquiring assets [in Ukraine]," he said. "There are three basins in Ukraine, and we are looking at all of them," Zilbermints said, noting that TNK-BP is currently considering six to eight projects in Ukraine. In particular, the company is interested in investing in small production companies.