According to preliminary data, Rosneft’s gas production increased by 10.6% to 7.5 billion cubic meters in the first half of 2007 over the same period of 2006, or by 13% including newly acquired assets.
Rosneft’s share of total Russian oil production stood at 19%, as opposed to 16.4% in the same period of 2006. In the first half of 2007, Rosneft refined 15.2 million tonnes of oil, which is a 29.1% increase over the same period in 2006.
The preliminary results also showed that total oil product sales in the first half of 2007 were 14.8 million tonnes, which is 11% above the planned level and a 28.2% increase over 2006. In addition, the company revealed that, in the first half of 2007, it acquired five large oil refineries and more than 1,000 service stations.
Rosneft said that during the first six months of the year, the company held the leading positions among Russian oil and gas companies in terms of market capitalization, level of reserves and oil production.
According to preliminary figures, the company achieved the results outlined in its business plan, which was brought about by increased effectiveness in all areas of operation, as well as by a favorable pricing situation on the global oil market.
