Russia’s TNK-BP to up capital expenditures by 16% on year in 2012
MOSCOW, Feb 3 (PRIME) -- Russian oil major TNK-BP plans to increase its capital expenditures by 16% on the year to about U.S. $5 billion, the company’s Chief Financial Officer Jonathan Muir said Friday.
Muir also said the company planned to use $1 billion to $2 billion to refinance its debt in 2012.
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