In 2011 Belkamneft increased oil production by 7%
Izhevsk. Company Press Service informed Interfax that in 2011 OAO Belkamneft (NK RussNeft subsidiary (RTS Index: RUSN), Udmurtia) increased oil production by 7% - up to 4.258 million tons compared to the previous year.
According to Belkamneft last year the Company commissioned 30 new wells at 10 oilfields. AO Belkamneft produces and treats oil in Udmurtia, Bashkiria and Kirov Region. The group comprises OOO Belkamneft, OOO Udmurt National Oil Company, OAO Udmurt Oil Company, OOO Udmurtgeologiya, OOO Regionalny Neftianoy Konsortsium, OAO Okunevskoye, OOO Riabovskoye and OOO Reshetnikovskaya Neftianaya Kompaniya. Share of OAO Obyedinennaya Neftianaya Kompaniya (RussNeft structure) in OAO Belkamneft charter capital makes 61.38%, share of OAO ANK Bashneft (RTS Index: BANE) - 38.46%.