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Gazprom To Increase Oil Output By 48% to 80 Mln Tons By 2020

Gazprom To Increase Oil Output By 48% to 80 Mln Tons By 2020
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Τετ, 25 Απριλίου 2012 - 18:36
Russian state gas producer OAO Gazprom (GAZP.RS) expects to increase annual oil production to 80 million metric tons by 2020, up 48.4% on the 2011 output, the company said in a statement Wednesday.
Russian state gas producer OAO Gazprom (GAZP.RS) expects to increase annual oil production to 80 million metric tons by 2020, up 48.4% on the 2011 output, the company said in a statement Wednesday.

The growth will mainly be due to development of existing reserves and the realization of new projects, the company said.
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