OREANDA-NEWS. Rosneft’s Board of Directors reviewed the Company’s preliminary results for 2006 and approved its business plan for 2007.

In 2007, overall production of oil and gas condensate (including 100% of production at Udmurtneft and Polar Lights) is expected to increase to 90 million tonnes over the 80,6 million tonnes produced in 2006. Yuganskneftegaz and Sakhalin-1 will be the main sources of growth. 

Gas production is expected to increase to 15,2 billion cubic meters (1,6 billion cubic meters more than in 2006). Growth will be achieved primarily at Purneftegaz fields, in particular now that the Tarasovskoye complex gas treatment plant has become fully operational.

The total volume of primary oil refining, including the use of third-party refineries, will reach 27,825 million tonnes in 2007, a 15,8% increase over 2006. Refining volumes at the Company’s own plants will increase by 11% over 2006 and reach 12 million tonnes.