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"THK-BP" TO MAKE A PRESENTATION FOR THE INVESTORS"
15 Oct 2003
TNK-BP - a company that has started its work in September will hold presentations for the investors later this week: (16 October - London, 17 October - New York). According to Bob Dudley, president of TNK-BP, the company, among other things, intends to present its plans of the oil production increase. By the end of the year production will go up to 1,26 million barrels/day, and will add another 6-8% next year. Meanwhile, the company plans to reinvest over 40% of its free cash resources in the production. The rest of the cash will be used for dividend payments, as well, as for reducing the company's $3billion debt.
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CTF Holdings Ltd.
Alfa Group Consortium is one of Russia’s largest privately owned financial-industrial conglomerates, with interests in oil and gas, commercial and investment banking, asset management, insurance, retail trade, telecommunications, media, technology, as well as other industrial-trade and special-situation investments.
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