TNK-BP Produces 600 Million Tons At Yamal Fields in 2010

September 3, 2010
TNK-BP's annual production for 2010 has reached 600 million tons so far at fields in the Yamal-Nenets Autonomous District, TNK-Management Vice-President for Business Anatoliy Temkin told journalists at a briefing today.
Temkin emphasized that TNK-BP is now beginning a very large project in Yamal. "We are now setting up one of the world's biggest crude production centers. Over the next five years, we plan to invest another 300 billion rubles. These funds will be spent to conduct geological surveys and develop infrastructure", he said.
Temkin added that TNK-BP also plans to invest in modernizing its refining capacities in the next five years. "That will allow us to begin making Euro-4 compliant motor fuels by 2012. We will begin producing such fuel i Ukraine in October this year", Temkin said.
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