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Russia's Gazprom sees output at its Achimov oil formation rising in 2020

Reuters
A logo of Gazprom Transgaz Tomsk is pictured at the Atamanskaya compressor station, facility of Gazprom's Power Of Siberia project outside the far eastern town of Svobodny

MOSCOW (Reuters) - Russia's Gazprom <GAZP.MM> plans to produce more than 12 million tonnes of oil equivalent from its Achimov formation in Western Siberia this year and increase output to at least 14 million tonnes in 2020, a company official said on Monday.

Yury Masalkin, in charge of Gazprom Neft's <SIBN.MM> department on exploration and resources, also told Gazprom's inhouse magazine that the output could double by 2025.

(Reporting by Vladimir Soldatkin; Editing by Himani Sarkar)