Support The Moscow Times!

Now is the time to support independent reporting from Russia!

Contribute Today

TNK-BP to Hike Spending

TNK-BP plans to increase spending on three North Siberian deposits in the second half as it seeks to boost production, Rustem Bakirov, head of TNK-BP’s Rospan International unit said Monday.

Investment in the Suzun, Tagul and Russko-Rechenskoye oil fields will rise more than 73 percent in the second half, he said. The company spent 2.4 billion rubles ($80 million) on the fields, part of the Bolshekhetsky project, in the first half. 


Read more