SOCHI: The takeover of India's Essar Oil by Russia's largest oil producer Rosneft
The deal, where Rosneft will hold a 49 percent stake, will allow the Russian company to increase oil refining output by 20 percent this year, he said.
Sechin also said that the synergy effect from the privatisation of oil company Bashneft
Rosneft's gas production is set to be rising by more than 10 percent a year, Sechin said, while overall investments are seen at more than 1 trillion roubles annually in the coming years.