LYSYCHANSK, Sept. 30 - Russian-British oil company TNK-BP plans to invest $300 million in developing Lysychansk Oil Refinery (Linos) by 2012, TNK-BP Ukraine President Sergei Lizunov said at a press briefing held to mark the 30th anniversary of the refinery.

He said that the funds would be used to improve the quality of products produced, increase production safety, and finance ecological programs and measures to increase the yield from crude.