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| Dec 1. Banks have received permission to reclassify the securities they obtained from CBR. >>> | | Dec 1. Bankers propose softening requirements for subordinated loans to be granted by VEB. >>> | | Dec 1. Lukoil Finance Limited, a subsidiary of Lukoil, has attracted a USD 280 mn 3-year credit facility at 5.4%, >>> |
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News21.08.2008 10:02 Aug 21. The largest Russian independent gas producer Novatek projects gas output to rise at least 20%, the company's CFO Mark Guetvay said. He also noted that gas output in 2010 is expected to advance 10%. Earlier growth was expected at 9%. "We reiterate our production guidance for 2008 at around 10% for natural gas and liquid hydrocarbons and our production growth target for 2009 is 20%", the company's CFO said. Novatek also ramped up gas output in 2Q 2008 by 210 mn cu m or 2.9% to 7.5 bcm and liquid hydrocarbons, including gas condensate and oil, by 10,000 tons or 1.7% to 603,000 tons on 2Q 2008. "Our target is to reach daily output of around 100 mn cu m. This will be a new milestone for Novatek", Mr. Guetvay added.
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