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2007 November 16   09:32

Surgutneftegas posts planned investment in prospecting

Surgutneftegas is set to invest up to $1.5bn into hydrocarbon prospecting, the oil producer's Deputy General Director Sergei Fyodorov told a UBS press conference today according to RBC. According to Fyodorov, taking this year's contribution into account, total investment in production will amount to $3bn in the next five years.

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