SKOLKOVO, June 20. /TASS/. Russneft plans to increase oil production to 10.5 mln tonnes in several years, the majority shareholder of the company Mikhail Gutseriyev said on Monday.
"10.5 mln tonnes [to be produced] in several years. We will develop our fields," Gutseriyev said. The company currently produces 8 mln tonnes of oil yearly, he said.
Russneft will not establish a corporate retail sites chain, he added.
According to Gutseriyev Russneft does not plan to participate in the purchase of shares of Bashneft.
"No, I do not want it [to buy Bashneft]. We do not have such money to buy Bashneft. And what for? We can create it [a new large oil company like Bashneft] ourselves - it is 5 times cheaper," Gutseriev said.