RussNeft: Plans to Increase Oil Production in 2019 to 7.4 million tons

As the company notes, the Board of Directors of Russneft approved the company’s business plan for 2019.

“The target production level approved in the business plan will be 7.355 million tons (excluding oil production in Azerbaijan),” the report said.

Financing of capital investments is planned at the level of 28 billion rubles.

Earlier, the president of Russneft, Yevgeny Tolochek, reported that the company plans to produce oil in 2018 at the level of 7.1 million tons, which is 100 thousand tons, or 1.4% more than last year. In January-June, Russneft increased oil production by 1% compared with the figure for the same period last year – to 3.744 million tons.