OREANDA-NEWS. September 05, 2012. OJSC Verkhnechonskneftegaz (VCNG - a member of the TNK-BP group of companies) is aiming to boost oil production by 40% to 7 million tonnes by the end of the current year. At a meeting with the Governor of Irkutsk Region, Sergey Yeroschenko, TNK-BP Executive Director German Khan announced that the Company is now actively expanding its production capacities and is predicting a further increase in output, reported the press-centre of TNK-BP. 

During the meeting, which was also attended by Oleg Chemezov, Vice President and Director of TNK-BP’s Siberia Branch, and Sergey Fedorov, General Director, VCNG, there was a discussion of the results of collaboration between TNK-BP and the Government of Irkutsk Region under their socio-economic cooperation agreement. This year, the Company will pay roughly 7 billion rubbles into the regional budget.

Irkutsk Governor Sergey Yeroschenko stressed: “TNK-BP is one of the few companies that meets all its commitments”. For his part, German Khan noted that “there is mutual understanding” between TNK-BP and the regional leadership on the issues under discussion. “By the end of the year we will sign a new document covering the next period of time”, he said.