Support The Moscow Times!

Russian Oil Giant Rosneft Says 2014 Reserve Growth Higher Than Expected

A general view shows an oil refinery of Russian state-controlled oil giant Rosneft at night near the Siberian town of Strezhevoy in the Tomsk region.

Russia's largest oil producer Rosneft said Friday that its 2014 reserves growth exceeded forecasts and was expected at more than 450 million tons of oil equivalent.

"According to preliminary data, reserve growth of the company exceeded the planned level and is expected at a level of more than 450 million tons of oil equivalent," the company said in a statement, confirming its business plan for 2015-2016.

… we have a small favor to ask. As you may have heard, The Moscow Times, an independent news source for over 30 years, has been unjustly branded as a "foreign agent" by the Russian government. This blatant attempt to silence our voice is a direct assault on the integrity of journalism and the values we hold dear.

We, the journalists of The Moscow Times, refuse to be silenced. Our commitment to providing accurate and unbiased reporting on Russia remains unshaken. But we need your help to continue our critical mission.

Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just $2. It's quick to set up, and you can be confident that you're making a significant impact every month by supporting open, independent journalism. Thank you.

Once
Monthly
Annual
Continue
paiment methods
Not ready to support today?
Remind me later.

Read more