Rosneft Oil Company Expects to Meet 2017 Business Plan Goals

By Adria Calatayud Features Dow Jones Newswires

Rosneft Oil Co. (ROSN.MZ) said Tuesday that it expects to meet the goals set out in its business plan for 2017.

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The Russian oil company said it delivered on the key parameters of the 2017 plan despite market volatility and increasing fiscal pressure on the sector.

The company's board has also approved a strategy that targets reduced unit operating costs of 2% to 3% a year through 2022 and seeks to boost Rosneft's share of the Russian gas market to at least 20%, it said.

Write to Adria Calatayud at adria.calatayudvaello@dowjones.com

(END) Dow Jones Newswires

December 19, 2017 03:11 ET (08:11 GMT)