Rosneft Is A Profitable Partner

Rosneft, the state oil Russian company, announced its eastern Siberian oil field reserves may "at least" double from the previous estimate, due to an additional exploration.

Earlier, France?s biggest and Europe's number three oil producer Total, said last year it planned to cooperate with Rosneft on the development of the Vankor group of fields, which were estimated to hold 125 million tons, or 916 million barrels of oil equivalent of recoverable oil.