Russia Surgut to raise CAPEX by 15pct in 2011
173 times viewed.
Saturday, 25 Jun 2011
Reuters citing Mr Vladimir Bogdanov Company General Director as saying that Russia No 4 oil producer, Sugutneftegas will raise CAPEX on production by 15% in 2011
The company said last month that its first quarter net profit almost doubled to RUB 15.3 billion from the first quarter in 2010 when its profit stood at RUB 8.4 billion.
(Sourced from Reuters)
