Rosneft: Ambitious Plans

People ♦ Published: April 26, 2013; 11:05 ♦ (Vindobona)

Russion oil producer intends to increase its shareholder value by 60 % in the next two years.

Rosneft: Ambitious Plans / Picture: © Rosneft

Russian oil producer Rosneft has announced ambitious targets. Within two years the market value of the biggest oil producing company worldwide is supposed to increase by 60 % to around $ 120bn (€ 92bn) by improving production and exploratio, and carrying out modernization measures at refineries. From 2018 on Rosneft intends to ship liquid gas (LNG) via a terminal in the Far East. The…