Support The Moscow Times!

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

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)

Read more

Independent journalism isn’t dead. You can help keep it alive.

The Moscow Times’ team of journalists has been first with the big stories on the coronavirus crisis in Russia since day one. Our exclusives and on-the-ground reporting are being read and shared by many high-profile journalists.

We wouldn’t be able to produce this crucial journalism without the support of our loyal readers. Please consider making a donation to The Moscow Times to help us continue covering this historic time in the world’s largest country.