OAO Rosneft to embark on a plan in 2011 to become a global producer

17-Dec-10
Russia’s state-owned oil company-OAO Rosneft is to embark on a plan in 2011 to become a global producer “on all continents,” as per Bloomberg, for which it is seeking partners overseas. Rosneft will spend US$10 bln to build a petrochemicals complex in Russia’s Far East, construction for which is scheduled for completion in 2012 and first phase completion scheduled by 2017.
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