OAO Rosneft, Russia’s largest oil producer, plans to double its market value and become a global energy producer by 2030, RBC Daily reported, citing company documents.
The state-run oil company plans to find four or five strategic foreign partners over the period and will need to invest more than $120 billion in the next ten years, the Moscow- based newspaper reported, citing Rosneft’s development strategy to 2030.
Rosneft planned to publish the strategy last year, RBC said. The new strategy is 90 percent finished and parts have already been approved by the board of directors, the newspaper reported, citing an unidentified person close to the company.
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