Russian oil major OAO Rosneft (ROSN.RS) expects production growth of 4.5% this year, driven by higher output at its key Vankor field in East Siberia, Chief Financial Officer Peter O'Brien said Wednesday.
Russian oil major OAO Rosneft (ROSN.RS) expects production growth of
4.5% this year, driven by higher output at its key Vankor field in
East
Siberia
, Chief Financial Officer Peter O'Brien said Wednesday.
Production at Rosneft's main production unit Yuganskneftegaz in
West
Siberia
, will drop by 2% to 3% this year and then plateau for several years,
O'Brien said.
He added that capital spending will reach between $9 billion and $10 billion,
of which $6.5 billion-$7 billion will be used on upstream operations, while
$1.5 billion-$2 billion will be used in the refining segment.
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