Russia's largest oil company Rosneft seeks to produce 150 million tons of oil by 2030, its head Sergei Bogdanchikov said on Friday.
"Our strategy for up to 2030 sets the goal of a three million barrels per day output, or 150 million tons," he told the company's annual shareholders' meeting, adding that Rosneft planned to become one of the world's top three oil producers.
The company's 2009 output grew 2.3% to 112.6 million tons year-on-year. Bogdanchikov said Rosneft had adjusted the 2010 forecast to 118 million tons from 117.6 million tons.
He said Rosneft also planned to invest 1.255 billion rubles ($40 billion) in geological exploration of the Abkhazian shelf of the Black Sea in 2010. He said that oil reserves of the shelf totalled 60 million tons of oil and 30 billion cubic metres of gas.
He also said that Rosneft, which has a joint oil refinery project with Chinese state-owned China National Petroleum Corporation (CNPC) in the Chinese city of Tianjin, planned to prepare a feasibility study for the refinery in the third quarter of 2010.
"We have already agreed on macroeconomic indicators of the project," Bogdanchikov said.
ST PETERSBURG, June 18 (RIA Novosti)