Feb. 3 (Bloomberg) -- TNK-BP, the Russian oil venture half- owned by BP Plc, plans to boost capital expenditures to $5 billion this year, Chief Financial Officer Jonathan Muir said.
The producer will invest about 80 percent of the amount in exploration and production, Muir told reporters today in Moscow. Last year, TNK-BP spent about $4.3 billion, not including acquisitions, he said.
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