Russian oil companies to invest $138.5 bln into production in 2013-2016

The capital investment volume of oil companies in the Russian Federation will make up $138.5 billion in 2013-2016. It is stated in a report by the " Pipe Metallurgical Company” (TMK), among which clients are the largest oil companies in Russia.

According to TMK, capital investments into production will make up $31.9 billion in 2013, $35.2 billion – in 2014, $34.4 billion in 2015 and $37 billion in 2016. Capital investments made up $30.5 billion in 2012.

The capital expenditure by Rosneft will make up $11 billion in 2013 ($14 bln. in 2014), according to TMK, approximately $8 billion by LUKOIL ($8.5 bln. in 2014), $6 billion by Surgutneftegas ($5.5 bln), $5 billion by Gazpormneft ($5 bln), $1 billion by Bashneft ($1.5 bln) and $1 billion by Tatneft ($1 bln. in 2014).