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August 21, 2008 Thursday Sha'aban 18, 1429



Gas output


MOSCOW, Aug 20: Russia’s largest independent gas producer Novatek expects its gas production to rise by at least 20 per cent in 2009, the company’s chief financial officer Mark Gyetvay told a conference call.

Novatek plans to increase its output by around 10 per cent this year after nearly flat production last year because of a request from Russia’s gas pipeline monopoly Gazprom to reduce output due to extremely warm winter.—Reuters







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