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5 years ago
Rosneft to invest $40 billion in offshore oil and gas
January 15, 2013 / 1:56 PM / 5 years ago

Rosneft to invest $40 billion in offshore oil and gas

NOVY URENGOI, Russia, Jan 15 (Reuters) - Russia's state-owned oil producer Rosneft is to invest 1.2 trillion roubles ($39.6 billion) in offshore oil and gas exploration within the coming decade, its CEO Igor Sechin said on Tuesday.

"Within the next 10 years we will spend 1.2 trillion roubles only for exploration works as part of our licencing obligations," Sechin told reporters when asked about offshore development.

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