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Companies / Russia

Gazprom Oil Arm Aims To Double Production

February 2008 | Company News Alert

Gazprom Neft, Siberia's former independent oil company Sibneft, plans to double crude oil production by the end of the next decade through developing Arctic fields and investing US$70bn. Specifically, it aims to pump as much as 1.8mn barrels per day (b/d) by 2020, according to chief executive officer (CEO) Alexander Dyukov in an interview.

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