Russneft plans to increase oil output to 7.8 mln tonnes in 2019
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Russneft plans to increase oil production in 2019 to 7.8 mln tonnes, including assets in Azerbaijan, against 7.6 mln tonnes in 2018, the company’s Vice President for Geology and Development Mikhail Sukhoparov said during a telephone conference with by investors.

"The production forecast for this year is around 7.3 mln tonnes, capital investments will be around 25 bln rubles. And in the following years, production is expected to see a slight increase, and capital expenditures are at the level of the current year. Taking into account projects in Azerbaijan - additional 500,000 tonnes this year. In total 7.86 mln tonnes," he said.

Russneft’s strategy suggests the possibility of increasing oil production to 11 mln tonnes by 2025 and increasing gas production.