News Online ! http://www.rbc.ru/
To RBC Home Page   

links on rbc.ru
News Online
Shares&Bills
Stock Market
Currencies&Credits
Exchanges Online
Ratings
Company&Products
Our Partners
Russian

Russian oil and gas sector growth may stop in 2007

      RBC, 13.01.2004, Moscow 18:28:55.According to LUKoil Vice President Leonid Fedun, by 2007 the Russian oil and gas sector will stop rising. This announcement came as a comment on LUKoil's intention to refrain from a large-scale step-up in oil production. LUKoil expects its oil output to grow by 4 percent to 85m tons this year. Last year LUKoil's oil output increased by 2.1 percent to 81.5m tons.

      Meanwhile, the company is planning to cut its outlay for oil production by nearly 15 percent and at the same time increase investments in oil refining, as the company has focused on the production of high-quality oil products that would meet international standards.

Ten latest news     Other news

http://www.rbc.ru/

Please send your questions and comments to webmaster@rbc.ru
All rights reserved. © 1995 - 2014 RosBusinessConsulting.
Photographs by AP © 2014 Associated Press.
Dow Jones Index data provided by Dow Jones&Company, Inc. Terms of use.
Details of copyright protection and placement of advertisements.

Rambler's Top100 Service