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Russia's Rosneft to maintain hydrocarbon output in 2015-2017 - CEO

Wed, 17th Jun 2015 09:21

ST PETERSBURG, Russia, June 17 (Reuters) - Russia's Rosneftplans to keep its hydrocarbon production stable in 2015-2017,Chief Executive Officer Igor Sechin said on Wednesday,potentially increasing output by 2 percent if market conditionsare favourable.

Speaking at the company's annual general meeting in StPetersburg, he added that Rosneft planned to invest 300-350billion roubles ($5.6-$6.5 billion) into new large upstreamprojects over the same period. ($1 = 54.0550 roubles) (Reporting by Vladimir Soldatkin and Denis Pinchuk, writing byKatya Golubkova, editing by Elizabeth Piper)

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