22 Jun 2011 16:39

Rosneft: no decline in oil production foreseen

MOSCOW. June 22 (Interfax) - Rosneft will be producing 170 million-180 million tonnes of oil equivalent a year by 2010, according to the company's growth strategy, acting vice president Gani Gilaev told Interfax.

"There will no abrupt increases. Production will steadily rise toward 180 million tonnes," he said.

Most of the growth will come from gas projects and new oil assets. "I don't think there will be any decline in oil production in the near future," he said.

The company has begun developing the business plan for 2012-2016, he said. "The figures will be clear in August-September," he said.

In addition, Rosneft is studying whether to bid in the auctions on the Lodochnoye, Imilorskoye and Nazymskoye fields, he said.

RTS$#&: ROSN