Russia's Novatek Sees 2016 Liquids Production Up 30%

Reuters

MOSCOW, March 22 (Reuters) - Russia's No.2 natural gas producer Novatek expects its production of crude oil and gas condensate to increase by 30 percent this year, Chief Executive Leonid Mikhelson told Rossiya-24 TV channel.

In December, Novatek started commercial production at the Yarudeyskoye oil field in northern Russia.

(Reporting by Vladimir Soldatkin; editing by Maria Kiselyova)

Copyright 2016 Thomson Reuters. Click for Restrictions.

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Light Crude Oil : $50.11/BBL 1.99%
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