21:35 GMT +305 December 2016
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    CONTROVERSIAL OIL MAMMOTH TO DROP DOWN DRILLING PROGRESS, WARNS PR CHIEF

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    MOSCOW, FEBRUARY 12, RIA NOVOSTI - Yukos Co. will drop pace building up its output, warns Alexander Shadrin, its press secretary.

    The petroleum mammoth expects to offer 88 million tonnes or more within the year, on preliminary estimations. Its spectacular progress of previous years cannot go on, what with an insufficient throughput of available export mainlines, and other transport infrastructural inadequacies, he explained.

    The Yukos Directors' Board is gathering for session, February 26, to adopt the year's corporate production plan and capital investment programme, added Mr. Shadrin.

    Yukos petroleum output for last year was 80.8 million tonnes, 16.3 per cent more than in 2002, which sent the output 19.3 per cent up, as against the year before, say previously announced corporate statistics.

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