Russia's largest oil producer state-controlled OAO Rosneft (ROSN.RS) plans to increase its hydrocarbon production to 3.7 million barrels of oil equivalent a day by 2020 from the current level of 2.5 million barrels, Interfax reported Wednesday citing the company's chief executive.
Russia
's
largest oil producer state-controlled OAO Rosneft (ROSN.RS) plans to increase
its hydrocarbon production to 3.7 million barrels of oil equivalent a day by
2020 from the current level of 2.5 million barrels, Interfax reported Wednesday
citing the company's chief executive.
During the company's meeting with investors, Eduard Khudainatov said the company
may reach 3 million barrels a day by 2015.
The outlook is based on the average oil price of $90 per barrel and a favorable
tax regime, Interfax said.
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