Interfax citing Mr Maxim Barsky Deputy CEO of TNK-BP as saying that the company will increase capital expenditure 10%-15% each year and the company will pay good dividends.


He said that "Operating cash flow is around USD 10 billion of which USD 4 billion to USD 4.5 billion is CAPEX. We'll pay the rest in dividends. I hope that if prices stay high then our CAPEX will grow something like 10% to 15% per year and that we'll continue to pay high dividends. Plus e can invest in new international projects."

(Sourced from Interfax)