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Rosneft Ups Output Target

Rosneft raised its target for output growth to 7 percent to 7.5 percent this year, the company said in a statement.

Last month Rosneft raised its 2010 growth forecast to as much as 6 percent from 4.5 percent from the previous year. Output may exceed 119 million tons this year, according to the statement released last week.

(Bloomberg)

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