OAO Novatek (NVTK.RS), Russia's No. 2 natural gas producer, increased output 8.5% to 62.2 billion cubic meters in 2013, the company said Friday.
OAO Novatek (NVTK.RS),
Russia
's No.
2 natural gas producer, increased output 8.5% to 62.2 billion cubic meters in
2013, the company said Friday.
It said output rose 7.3% to 16.4 billion cubic meters in the last three months
of the year from a year ago.
Novatek has increased sales to Russian consumers in recent years at the expense
of state-controlled giant OAO Gazprom (GAZP.RS).
The company said it also increased production of crude oil and gas condensate
last year by 11.4% to 4.77 million metric tons.
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