OAO Belkamneft received “Best investor in natural resources production in 2011” award
Izhevsk. OAO Belkamneft, subsidiary of OAO NK RussNeft, is recognized the winner in the “Best investor of Udmurt Republic in 2011” competition in the nomination of the “Best investor in natural resources production”.
The competition was organized by the Ministry of Economy of Udmurtia. It was held for the fifth time. Its main objective is to form an investment attraction image for the republic. The participants of the competition are legal entities investing in the projects implemented in Udmurtia and having economic and social importance for it. The results depend on volumes of investments for the reported year, investments increment rate, amount of taxes paid.
The volume of investments into OAO Belkamneft operation in 2011 increased 25% against 2010 and was 2.2 billion rubles. This will allow achieving a record level of oil production – 4.26 million tons. The management of the holding intends to continue the focus on the operation development and keeping the trend of the hydrocarbons production increase.