CEO: Russia's Rosneft to Maintain Hydrocarbon Output in 2015-2017

Reuters

ST PETERSBURG, Russia, June 17 (Reuters) – Russia's Rosneft plans to keep its hydrocarbon production stable in 2015-2017, Chief Executive Officer Igor Sechin said on Wednesday, potentially increasing output by 2 percent if market conditions are favourable.

Speaking at the company's annual general meeting in St Petersburg, he added that Rosneft planned to invest 300-350 billion roubles ($5.6-$6.5 billion) into new large upstream projects over the same period. ($1 = 54.0550 roubles)

(Reporting by Vladimir Soldatkin and Denis Pinchuk, writing by Katya Golubkova, editing by Elizabeth Piper)

Copyright 2017 Thomson Reuters. Click for Restrictions.

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