Financial Times FT.com

BP downbeat on Russia output

By Peggy Hollinger

Published: January 23 2008 19:31 | Last updated: January 23 2008 19:31

BP’s oil production in Russia, which accounts for a quarter of the UK group’s global output, will not grow for a second consecutive year in 2008, according to the chief executive of TNK-BP, the Anglo-Russian joint venture.

Robert Dudley predicted a return to growth of about 100,000 barrels of oil a day in 2009, when several new projects are due to come on stream, up from this year’s level of 1.8m or so.

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