Saratov. Ministry of Natural Resources of Russian Federation extends the license of OAO Saratovneftegaz for oil and gas production in Guselskoe field in the Volga river district of Saratov till December 2032.
The licensing body made the decision on August 20. The license was originally issued in March 1998.
OAO Saratovneftegaz is a subsidiary of NK RussNeft and the major oil and gas producer in Saratov region. The company develops 43 fileds in 14 districts of Saratov region and well as in Staropoltavsky district of Volgograd region.