RussNeft Built a Cathedral
OAO Oil and Gas Company RussNeft Constructed the Cathedral of Saint Matyr and Healer Pantheleimon in Udmurtia. President of Udmurtia Aleksandr Volkov, President of OAO Oil and Gas Company RussNeft Mikhail Gutseriev, outstanding representatives of public, cultural and religious life of the Republic took part in the ceremony of consecration and inauguration of the Cathedral.
According to RussNeft’s report, construction and reconstruction of churches is a part of oil holding social policy. In July 2005 in Izhevsk the Cathedral of Saint Royal Martyrs was inaugurated with OAO Oil and Gas Company RussNeft financial support. In the capital of Udmurtia under the auspices of the holding the Cathedral of Saint Mikhail is being reconstructed, the Cathedral of the Blessed Virgin of Kazan, Malo-Diveevskii monastery have been constructed.
OAO Oil ad Gas Company RussNeft produces hydrocarbons in the Udmurtian Republic via its subsidiaries: OAO Belkamneft, OAO Uralskaya Neft, OAO Udmurt National Oil Company, OAO Udmurt Oil Company. The major one is OAO Belkamneft that provides a third of overall oil production in the Rupublilc.
Under the agreement between the Government of the Udmurtian Republic and OAO Oil and Gas Company RussNeft, oil company Belkamneft’s subsidiary allocated 1 bln 618 mln rubles to the budget of the Republic in 2005. As part of cooperation with the municipal bodies, in areas where the company operates, it spent over 13.5 mln rubles on welfare projects.