Date: 7 months ago   Category: Energy

Rosneft will start seven large production projects within one and a half years — Rambler News Service


Photo: globallookpress.com Rosneft will start seven large production projects within the next 18 months, the head of Rosneft Igor Sechin at the Euroasian economic forum in Verona has said during the speech. "In the next 18 months we start more than seven new production projects of a world class that once again demonstrates our commitment to stable ensuring the world market" — he has told. Sechin has noted, Russia and Rosneft significantly differ from a world trend in respect of investments into oil and gas branch. "In 2014-17, thanks to resource base with competitive costs of production, Rosneft continued to invest in exploration and production actively. We, upon had had a growth by 50%, and in dollar expression, – to $9,2 billion in 2014 to $13,7 billion in 2017", - he has explained. The head of Rosneft has added that in spite of the fact that in 2018 against the background of growth of the price of oil growth of investments into exploration and production in the world is noted, it is still insufficient for ensuring steady long-term growth.

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