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Gazprom neft' OAO Plans to Maintain Output at 100 Million Tons until 2025-Interfax

Monday, 27 May 2013 08:22am EDT 

Interfax reported that Gazprom neft' OAO (Gazprom Neft) plans to maintain production at 100 million tons of oil equivalent per year until 2025, which it plans to reach by 2020, according to the Company's approved strategy for the period until 2025. Gazprom Neft also intends to preserve its current reserves life, which is about 20 years. Given its production plans, this requires that the Company increase reserves by another 1.2-1.7 billion tons of oil equivalent. 

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