Russian state-owned oil company OAO Rosneft (ROSN.RS) plans to increase its market capitalization to $200 billion in the mid-term, the business daily Vedomosti reported, citing Rosneft Chief Executive Sergei Bogdanchikov.
Bogdanchikov also said he expects Rosneft to be one of the world's top three oil and gas companies by 2020.
Rosneft's current market capitalization is around $121 billion.