Gazprom Neft to boost oil production 33% by 2025, exports - 134%
MOSCOW. Mar 1 (Interfax) - Gazprom Neft plans to boost oil production to 78.6 million tonnes in 2025, up 33% from 59.2 million tonnes in 2015, and oil exports will increase to 31 million tonnes a year, up 134% from 13.2 million tonnes, the company said in its in-house magazine.
So, in 2025 the company is planning to increase oil exports to the east through the port of Kozmino from last year's 2.1 million tonnes to 14.4 million tonnes (seven-fold growth). Oil supplies from the Arctic Sea route to Northwestern Europe, as expected, will increase from 4.9 million tonnes to 8.7 million tonnes. Oil exports via the Druzhba oil pipeline [to Europe], and also the ports of Primorsk and Novorossiysk, according to the plans, will grow by 27% from 6.2 million tonnes to 7.9 million tonnes a year.
"It is no secret that most of assets in Western Siberia transitioned into a stage of falling production, therefore in the future we are counting on a serious augmentation of exports namely in the eastern direction," the journal cited Alexander Chizh, the director of management of trading operations with oil, as saying. "In connection with this, the ESPO for us is a strategically important pipeline and we are hoping that in the future Transneft will be able to expand their capacities," he said.
Oil supplies to company refineries will grow by only 1% by 2025, from 39.9 million tonnes to 40.2 million tonnes, and supplies to Gazprom Neftekhim Salavat and other Russian oil refineries will rise by 22% from 6.1 million tonnes to 7.4 million tonnes a year.
Gazprom Neft supplies oil from the Orenburg cluster to the Gazprom Neftekhim Salavat plant along a pipeline belonging to Gazprom .
It was reported that Gazprom Neft expects to increase production of hydrocarbons from 79.7 million tonnes of oil equivalent (toe) by 2025 to 100 million toe.
So, the company is expecting gas production to remain almost the same - 22.7 billion cubic meters in 2015 in comparison with 23.8 bcm in 2025.
