The license term of Saratovneftegaz has been extended for 21 years
Saratov. Ministry of natural resources of the Russian Federation has extended the license of OAO Saratovneftegaz to use subsoil resources with the aim of oil and gas production at Ilovlinsky oilfield of Kransnoarmeysk district till December 2033.
The license issuing authorities made their decision on 18 September. The license was initially issued in April 1998 and it expired in December 2014.
OAO NK RussNeft subsidiary OAO Saratovneftegaz is the largest oil and gas producing company of Saratov region. The company maintains development of 43 fields on the territory of 14 districts of Saratov region and in Staropoltavsky district of Volgograd region as well.
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