Rosneft After Assets in Russia and Kazakhstan - Head
Posted on: Thursday, 23 February 2006, 21:00 CST
ASTANA. Feb 23 (Interfax-Kazakhstan) - Russian oil company Rosneft needs to acquire more assets, both in Russia and in Kazakhstan, Rosneft head Sergei Bogdanchikov said on Thursday.
"Despite the fact that to date our company ranks first in the world for oil reserves (according to the generally accepted international methods of assessment), a pace of development of no less than 7% a year is planned for our company. This calls for constant increases in our raw material base," Bogdanchikov told a news conference in Astana.
He said Rosneft sought to become "one of the leaders of the Russian oil and gas industry and join the leading oil companies of the world.""This is the goal we seek to achieve within the next 10 years," Bogdanchikov said.
Source: Daily News Bulletin; Moscow - English
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