RussNeft expects 7.4% oil production growth in 2012
Moscow. OAO NK RussNeft, one of the top ten major Russian oil companies, intends to increase the oil production by almost 1 million tons in 2012, Mikhail Gutseriev, the founder and a major owner of RussNeft, announced to mass media on Wednesday.
“Production will increase almost by a million tons this year with minimal capital expenses of 500 million (US dollars) including the gas program”, Gutseriev said.
RussNeft produced 13.6 million tons of oil (5.6% growth) in 2011. Based on the number stated by Gutseriev, the indicator may grow up to 7.4% this year. The Company had previously given a more moderate forecast of a 3% growth of up to 14 million tons.
More news
All Show allRussNeft increases oil production in the first half of the year by almost 2%
up to 3.043 million tons
International Forum "Russian Energy Week - 2025"
"Russian Energy Week" is the world's leading industry event, bringing together officials, businessmen and experts to discuss the fuel and energy sector development.
RussNeft reported on the planned stocking of rivers in the Khanty-Mansiysk Autonomous Okrug
The company's press service reported on the completion of work to replenish the Ob River basin with fish resources. 1.1 million young nelma and muksun were released.