Rosneft's Investment Program to Grow by 30% in 2016 to $14.7 Billion - CEO

© AP Photo / Mikhail Metzel, FileA plaque for the Rosneft Oli Company is seen outside the company headquarters in Moscow, Russia, in this file file photo dated Thursday, Oct. 18, 2012
A plaque for the Rosneft Oli Company is seen outside the company headquarters in Moscow, Russia, in this file file photo dated Thursday, Oct. 18, 2012 - Sputnik International
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Rosneft’s investment program is expected to grow by 30 percent in 2016.

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MOSCOW (Sputnik) – Russia’s oil manufacturer Rosneft’s investment program is expected to grow by 30 percent in 2016 to $14.74 billion, the company’s CEO, Igor Sechin, told Russian President Vladimir Putin on Monday.

“I would also like to say, Vladimir Vladimirovich [Putin], that the acquired stocks and acquired experience have allowed us to increase our investment program this year. This year it will be approximately 30 percent more in comparison with last year’s and will be around 1 trillion rubles,” Sechin told Putin.

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