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Russneft plans 2022 capex at RUB 22.7 bn, EBITDA at RUB 50.6 bn

30.11.2021 RIA Novosti

Russneft plans 2022 capex at 22.7 billion rubles, EBITDA is expected to reach 50.6 billion rubles, the press service of the Сompany said.

"The Company's business plan for 2022 envisages spending of 22.7 billion roubles of capital investments, most of which will be spent on drilling," the release said. For 2021, the Company planned capital expenditures of 20 billion rubles.

"The EBITDA target for next year is set in the budget at 50.569 billion roubles", - is stated in a Russneft statement.

The Company possesses a well-balanced portfolio of assets located in the key Russian oil and gas provinces (West Siberia, Volga-Urals and Central Siberia) as well as in Azerbaijan. The company's proved and probable reserves (2P) exceed 200 million tonnes.

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