Ashland Inc. and TNK-BP sign five-year agreement to distribute Valvoline™ motor oil to passenger car market in Russia MOSCOW, Russia.
Valvoline, a brand of Ashland Consumer Markets, a commercial unit of Ashland Inc. (NYSE: ASH), and TNK-BP, Russia’s third-largest oil company, today announced a five-year agreement pursuant to which TNK-BP will distribute Valvoline motor oil to the passenger car market in Russia. Financial terms of the transaction were not disclosed.
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