Rosneft’s Igor Sechen - Russia could add another 4 Million Bpd to daily output

Rosneft’s head Igor Sechin said yesterday that Russia could add boost its already record high production by another 4 million barrels per day (Bpd) ‘if the market needs it’.

Rumors are doing the rounds that Rosneft, along with Gazprom Neft and Lukoil, are all launching new production projects next year. Russia smashed the post-Soviet oil supply record in September, averaging 11.2 million barrels per day.