Rosneft Plans to Become Russia’s Top Oil Producer by 2008

The president of state-owned Rosneft Oil Company Sergei Bogdanchikov told Russia’s President Vladimir Putin that by 2008 his company plans to overcome Lukoil oil major in terms of production and become the country’s top oil producer. The meeting between Bogdanchikov and Putin took place on Wednesday, Aug 10.

Vedomosti business daily reported that Bogdanchikov told Putin that Rosneft won’t make any new asset purchases in order to reach its goal. At present time Rosneft is Russia’s second-largest oil producer, said the company’s president, and its share in the overall Russian production amounts to 15 percent.

Mosnews