TNK-BP to Invest $6Bln in Suzun, Tagul Oil Fields by 2020

Dec. 4, 2012

KRASNOYARSK—TNK-BP plans to invest $6 billion by 2020 in the development of the Suzun and Tagul oil fields in Krasnoyarsk and the construction of an oil pipeline to link them, the oil company said in a statement following a meeting between TNK-BP Management vice president Oleg Chemezov and the chairman of the regional government, Viktor Tomenko, Interfax reported.

"All of TNK-BP Management's commitments on investment and projects begun in Krasnoyarsk remain unchanged. Already by 2020 the company plans to bring oil production in the region to more than 11 million tons per year," Chemezov was quoted as saying in the statement.

TNK-BP and the Krasnoyarsk regional government signed a social and economic cooperation agreement in February under which the company committed to developing its production infrastructure and financial social programs in the Siberian region.

(MT)

… we have a small favor to ask.

As you may have heard, The Moscow Times, an independent news source for over 30 years, has been unjustly branded as a "foreign agent" by the Russian government. This blatant attempt to silence our voice is a direct assault on the integrity of journalism and the values we hold dear.

We, the journalists of The Moscow Times, refuse to be silenced. Our commitment to providing accurate and unbiased reporting on Russia remains unshaken. But we need your help to continue our critical mission.

Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just 2. It's quick to set up, and you can be confident that you're making a significant impact every month by supporting open, independent journalism. Thank you.

Continue