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Provider: Reuters Investment Profile
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ANK Bashneft' OAO Could Increase Oil Output 4% in 2013-Interfax
Interfax reported that ANK Bashneft' OAO (Bashenft) could increase oil production 3.9% year-on-year to 16 million tons in 2013. The Company's Vice President Mr. Mikhail Stavsky said during the annual conference Oil Complex of Russia: Map for the Future that the Company plans to boost oil production to 15.7 million tons with its projects in Bashkortostan, and to 300,000 tons at the Trebs and Titov deposit. Mr. Stavsky said that the Company reckons the main regions of production and strategic interest for it will remain Bashkortostan, the Nenets district, and another two projects in Iraq and Myanmar. Bashneft produced 15.4 million tons of oil in 2012.
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