OAO Rosneft (ROSN.RS), Russia's largest oil producer, is planning to invest $2.6 billion in its key Vankor oil field in East Siberia in 2010, and produce 12.5 million metric tons of oil at the field, the company said in a presentation published Wednesday.
OAO Rosneft (ROSN.RS),
Russia
's
largest oil producer, is planning to invest $2.6 billion in its key Vankor oil
field in
East Siberia
in 2010, and produce 12.5 million metric tons of
oil at the field, the company said in a presentation published Wednesday.
Rosneft, which said Monday that it was on track to increase its full-year
output by 4.5% as it ramps up production at Vankor, is planning to increase its
total capital expenditure in 2010 to between $9 billion and $10 billion,
compared with $7.252 billion in 2009.
Rosneft said in the presentation that it aims to have its unit operating cost
growth at or below ruble inflation, despite rising electricity tariffs in
Russia
.
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