November 3, 2010 / 2:33 PM / in 9 years

Russia's Rosneft raises '10 output to 119 mln tonnes

MOSCOW, Nov 3 (Reuters) - Russia’s largest oil producer, Rosneft (ROSN.MM) increased its crude output target for 2010 to 119 million tonnes (872 million barrels) the company said in a press statement on its website on Wednesday.

“Preliminary data shows that 2010 production will grow by 7-7.5 percent compared to last year and reach 119 million tonnes,” the statement said.

Last week, when Rosneft reported its third-quarter earnings, the company said it was raising its output target for 2010 from the earlier 4.5 percent year-on-year growth to 5.5-6 percent. [ID:nLDE69P1O2] (Reporting by Katya Golubkova; writing by Jessica Bachman; editing by James Jukwey)

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