The board of Russia's third-largest producer, TNK-BP, met Friday to approve interim dividend payments for the first half of 2009, though it made no announcement after the meeting. The Russian-UK joint venture usually allocates 40% of its net profits to dividends; these plunged 58% year-on-year to $747 million in the first quarter of 2009. In a note to investors, TNK-BP said it would be announcing first-half results Tuesday.
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