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Rosneft: 2010 Output Growth Rate "Materially" Higher Than 2009



MOSCOW -(Dow Jones)- Russia's biggest oil producer OAO Rosneft (ROSN.RS) says production growth will be "materially" higher in 2010 than this year, the company's Chief Financial Officer Peter O'Brien said Monday.

"We expect our production growth rate next year to be materially higher than this year," O'Brien said.

Rosneft has increased output this year around 2% to over 2.2 million barrels a day.

Company Web site: www.rosneft.com

-By Jacob Gronholt-Pedersen, Dow Jones Newswires; +7 495 937 8445; jacob.pedersen@dowjones.com

MOSCOW -(Dow Jones)- Russia's biggest oil producer OAO Rosneft (ROSN.RS) expects prodution growth to be "materially" higher in 2010 than this year, Chief Financial Officer Peter O'Brien said Monday.

"We expect our production growth rate next year to be materially higher than this year," O'Brien said.

Rosneft has increased output this year around 2% to over 2.2 million barrels a day.

Company Web site: www.rosneft.com

-By Jacob Gronholt-Pedersen, Dow Jones Newswires; +7 495 937 8445; jacob.pedersen@dowjones.com


  (END) Dow Jones Newswires
  11-30-091005ET
  Copyright (c) 2009 Dow Jones & Company, Inc.

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