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The Board of Directors of “Russneft “ within 3 weeks will adopt the strategy of development - M. Gutseriev

17.09.2010 “Prime-TASS “

Sochi. The Board of Directors of “Russneft” (RUSN01) within 3 weeks will adopt the strategy of development, the CEO Mikhail Gutseriev told to journalists. "The strategy has already been developed. Within three weeks it will be approved by the Board of Directors."

M. Gutseriev noted that the strategy involves the payment of all debts and interest by them for 10 years, as well as production growth. According to his words, the increase in production from existing fields will give its annual growth rate of 800 thousand tons - 1,000,000 tons. The company is also interested in acquiring assets in Russia and abroad. M. Gutseriev noted that the present daily output of the company is growing, and on annualized basis it is 13 million tons. “When I came it was 11.2 “, - he said.

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