Gazprom Outlooks Increase of Hydrocarbon Output by 5% in Oil Equivalent

Gazprom Neft oil company forecasts an increase in the company's hydrocarbon output to 85-86 million tonnes of oil equivalent in 2016, the company’s chief executive Alexander Dyukov said Friday.

S-PETERSBURG (Sputnik) — In 2015, Gazprom Neft produced 79,7 million tonnes of oil equivalent, including 55,67 million tonnes of oil.

"We are forecasting an increase in the production. The increase in hydrocarbon output, we estimate, will reach 5 percent, I hope, the level of output will reach 85-86 million tons of oil equivalent. Speaking about oil, the production will amount to 59-60 million tonnes," Dyukov told journalists.