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TNK-BP to invest up to $1 bln in northwest Siberian deposits by 2012

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TYUMEN, June 29 (RIA Novosti) - TNK-BP [RTS: TNBP] plans to invest up to $1 bln to develop deposits in the Yamalo-Nenets Autonomous Area in northwest Siberia by 2012, the local administration said Thursday.

The Yamalo-Nenets governor's press service said the Russian-British joint oil venture had discussed their investment plans at a meeting earlier in the day with the region's deputy governor and economics department director, Alexander Kimom, at its administrative center, Salekhard.

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