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Rosneft oil output up 8.4% in 9M06, to 59.4 mln tons

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MOSCOW, October 11 (RIA Novosti) - Rosneft [RTS: ROSN] increased its crude production by 8.4% year-on-year in the first nine months of 2006, to 59.4 million tons, Russia's state-controlled oil producer said Wednesday.

The company said natural gas output in the reporting period climbed 7.2% year-on-year, to 10.1 billion cubic meters.

The oil company announced earlier it will float futures on the RTS in mid-October.

Rosneft held an initial public offering this summer in Moscow and London, the biggest in Russia's corporate history and the world's fifth largest, raising $10.4 billion.

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