OREANDA-NEWS. December 20, 2007. Russia’s oil major Rosneft expects its oil output to increase by 28% y/y in 2007 to 102,5mn tons in 2007, company said in a statement.

In 2006, Rosneft produced a total of 79,89mn tons of oil. As reported, Rosneft boosted RAS net profit by 19,5% y/y to RUR 91,329bn (USD 3,73bn) in Jan-Sep.

Company’s revenues grew by 24,7% y/y to RUR 572,025bn. Its pretax profit increased by 52% y/y to RUR 151,912bn, while cost of sales went up by 9,9% y/y to RUR 346,135bn.