Rosneft 2014 Reserve Growth Higher Than Expected

19 December 2014

Russia's largest oil producer Rosneft said on Friday its 2014 reserves growth exceeded forecasts and was expected at more than 450 million of oil equivalent.

"According to preliminary data, reserve growth of the company exceeded the planned level and is expected at a level of more than 450 million tonnes of oil equivalent," the company said in a statement, confirming its business plan for 2015-2016.