TNK-BP may increase spending this year to accelerate Russian projects, co-owner Viktor Vekselberg was quoted as saying on the sidelines of the Russian economic forum in St. Petersburg Thursday. The Russian-UK joint venture's capital spending could rise by $400 million from the the previously announced $3.3 billion, but would still be less than last year's $4.4 billion, Reuters quoted him as saying. The money would go on projects that have been "slightly frozen" amid the global economic crisis, such as the Uvat, Verkhnechonsk and Kamennoye fields, he said, adding that the subject will be discussed at a board meeting on Jun. 11.
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