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Rosneft May Increase Planned 2011 Investment 50%

Rosneft May Increase Planned 2011 Investment 50%
dj
Παρ, 31 Δεκεμβρίου 2010 - 15:59
Russia's biggest oilproducer, state-controlled OAO Rosneft, may increase planned investment spending in 2011 by almost 50% from previous expectations, a person familiar with the matter said Thursday. The person told Dow Jones Newswires that Rosneft's board is considering spending 415 billion rubles ($13.7 billion) in 2011, but has yet to approve the figure
Russia's biggest oilproducer, state-controlled OAO Rosneft, may increase planned investment spending in 2011 by almost 50% from previous expectations, a person familiar with the matter said Thursday.

The person told Dow Jones Newswires that Rosneft's board is considering spending 415 billion rubles ($13.7 billion) in 2011, but has yet to approve the figure.

Chief Executive Eduard Khudainatov had previously said Rosneft was planning to spend RUB280 billion in 2011.

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