It is reported that Rosneft capital investments will amount to about USD 11 billion in 2011.

Principal investments in 2011 will be made in the development of Yuganskneftegaz and Vankorneft.

OJSC Rosneft is the largest oil company in the Russian Federation. Rosneft proved reserves as of December 31 2010 were 22.765 billion barrels of oil equivalent. In 2010, Rosneft extracted 112.4 million tons of oil.

The company authorized capital is RUB 105.981 million. This amount is represented by 10,598,177,810 common shares at par value RUB 0.01. The company largest shareholder is the state owned company Rosneftegaz securing 75.16% of its authorized capital.

(Sourced from AK&M)