TNK-BP sees $1.2 billion for flaring

摘要

Anglo-Russian major TNK-BP's total investment in programs to improve its associated gas utilization rates are to amount to $1.2 billion in the period 2009-2012, a senior company official said February 26.rnThe investment figure was approved by the company's board at the end of 2009, department head Anton Gladchenko said.rnTNK-BP hopes to increase its associated gas utilization rate to 95% by 2012, up from 84.4% in 2009. In August 2009, TNK-BP said it would invest $700 million in associated gas utilization projects in 2010-2012.