Rosneft to invest about $1bn in oil production next year

18.06.2002 11:31

Russian oil company Rosneft is going to invest about $1bn in oil production, oil refinery and sales a year starting in 2003, Rosneft President Sergey Bogdanchikov announced at the ceremony of signing a general agreement with Sberbank today. He noted that Rosneft was close to western companies in the level of investments per ton of produced oil. He also reported that the company was going to increase oil production by 10-12 percent a year in the future. As of now, the volume of Rosneft's investments in oil production, refinery and sales was $600m a year.

&to=http://www.sbrf.ru/eng/' target=_blank>SBERBANK

&to=http://www.rosneft.ru/english/index.html' target=_blank>ROSNEFT

Subscribe to Pravda.Ru Telegram channel, Facebook, RSS!

Author`s name Editorial Team

Real peace talks will start in 2025 without Zelensky

Volodymyr Zelensky has publicly stated twice already that Ukraine would not be able to return "some parts of the country that Russia has occupied, including Crimea, by force." It appears that Zelensky has been having some difficult times lately

Zelensky signs his death sentence by saying he is losing war with Russia

German Chancellor Scholz brings mysterious silvery suitcase to Kyiv

German Chancellor Scholz brings emergency suitcase to Kyiv

Russia and Turkey to be directly involved in military confrontation in Syria

Russian pranksters announce the name of dumbest politician they ever talked to