Rosneft’s 2012 Crude Oil Output Up 2.7%

From Fox Business

Russian oil giant OAO Rosneft’s (ROSN.RS) crude oil production rose 2.7% in 2012, Russian news agencies quoted the company’s chief executive as saying Tuesday.

Rosneft’s output hit 125.8 million metric tons last year, slightly above its forecast, Igor Sechin told Russian President Vladimir Putin, according to Interfax and Prime news agencies.

State-controlled Rosneft is set to become the world’s largest listed oil producer after acquiring TNK-BP, Russia’s number three oil producer, from BP PLC (BP) and its partners in deals worth $55 billion.

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