German Wintershall to keep increasing gas production in Russia
Edited by Rhod Mackenzie / 2014-03-14 10:19:21
German Wintershall (100% subsidiary of BASF) maps out to increase gas production in Russia. It is said in the materials of the company to an annual press-conference in 2013.
“In particular, the company plans to enhance oil and gas production in Russia and Norway, and expand its activity in South America, North Africa and the Middle East,” it is said in the materials.
By the end of 2013 the proven oil and gas reserves increased by 20% to 1.458 billion barrels of hydrocarbons in oil equivalent against 2012. The production went up to 132 million barrels in 2013 against 80 million barrels in 2000.
