TNK-BP 9-Month Spending on Orenburg Output Rises to $1 Billion
By Stephen Bierman -
2012-11-23T11:03:46Z
TNK-BP, the Russian joint venture BP Plc (BP/) and a group of billionaires are selling to OAO Rosneft, boosted investment 6 percent in the Orenburg region through September.
Investment in output from one of Russia’s oldest producing regions increased to 31.9 billion rubles ($1 billion) from 30 billion rubles in the same period the previous year, according to a statement on the company’s website.
To contact the reporter on this story: Stephen Bierman in Moscow at sbierman1@bloomberg.net
To contact the editor responsible for this story: Will Kennedy at wkennedy3@bloomberg.net
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