HOUSTON, Mar 7 (PRIME) -- Irkutsk Oil Company intends to raise oil production by 8.97% on the year to 8.5 million tonnes in 2017, Chairman of the Board of Directors Nikolai Buinov said at the CERAWeek conference on Tuesday.
“Last year … output amounted to 7.8 million tonnes. This year we plan 8.5 million tonnes,” he said.
Irkutsk Oil Company, founded in 2000, includes a group of companies that do geological exploration, prospecting and production of hydrocarbons on 23 license sites in East Siberia.
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