4 Feb 2011 17:48

Rosneft plans to boost oil-production no more than 1% in 2011

MOSCOW. Feb 4 (Interfax) - Russian oil company Rosneft plans to increase the amount of oil it extracts this year by within 1%, a company presentation says.

Company chief Eduard Khudainatov has said oil production could rise 0.5% to 120.2 million tonnes in 2011.

The presentation said Rosneft's Vankor field should be producing 45,000 barrels a day in 2011.

The Yuganskneftegaz unit should sustain production of 1.3 million barrels a day.