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NK Rosneft' OAO plans at least 1 pct oil production growth in 2014-Interfax


Friday, 30 May 2014 09:27am EDT 

NK Rosneft' OAO:Rosneft plans to sustain oil production growth of at least 1 percent in 2014, the company said in its annual report for 2013-Interfax.Oil production grew 72 percent last year, adjusted for acquisitions.Organic growth was 1 percent.Rosneft will carry on growing reserves, replacing over 100 percent of production with new reserves, carry on with gas production projects and carry on with the refinery upgrade program, including launch of isomerization units at the Samara group of refineries, the company said.Rosneft has said consolidated hydrocarbons production grew 80.3 percent last year to 4.873 million barrels oil equivalent per day.Oil and liquids production grew 72 percent to 4.196 million barrels a day (1 percent organic growth).Gas production grew 2.3-fold to 38.17 billion cubic meters (22 percent organic).