RussiaТs Tatneft still plans to produce 26 mln tns of oil in 2020 - Oil & Gas - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

RussiaТs Tatneft still plans to produce 26 mln tns of oil in 2020

MOSCOW, Nov 27 (PRIME) -- Russian oil company Tatneft still plans to produce around 26 million tonnes of oil in 2021 and 26.25 million tonnes in 2021, VTB Capital said in a statement on Friday following a meeting of TatneftТs management with analysts and investors.

УThe company has confirmed its 2020 forecast of 26 million tonnes. Under the baseline forecast for 2021, production will rise by by 0.25 million tonnes next year taking into account OPEC+ parameters that are in force as of now,Ф the statement read.

If the OPEC+ restrictions are lifted, Tatneft will be capable of resuming to produce as much as before the deal in up to two months, but if the restrictions remain, the company will not allocate capital expenditures to increase production, VTB Capital said.

In 2019, Tatneft produced 29.468 million tonnes of oil, of which super-viscous oil accounted for 2.735 million tonnes.

End %%md/jst%%

27.11.2020 17:07
Share |
To report an error select text and press Ctrl+Enter
Central Bank Official Rate
1W 1M 1Y
EUR 89.6691 +0.0087 25 feb
USD 73.7532 -0.2301 25 feb
Stock Market Indices
1D 1W 1M 1Y
rtsi 1448.31 -0.66 18:50 10 feb
micex 3385.48 -1.41 18:50 24 feb
Stock Quotes in RUR
1D 1W 1M 1Y
gazp 221.41 -1.87 19:11 24 feb
lkoh 5768.00 -0.31 19:11 24 feb
rosn 516.30 +0.06 19:11 24 feb
sber 270.74 -1.09 19:11 24 feb
MICEX Ruble Trading
1D 1W 1M 1Y
EURTD 89.4600 -0.2950 14:59 24 feb
USDTD 73.7575 -0.1525 17:44 24 feb