Ministry of Natural Resources has extended until 2039 the license of “subsidiary” of RussNeft on oil and gas site near Saratov.
Saratov. Ministry of Natural Resources and Environment of RF (MNR) has extended the license validity of OJSC “Saratovneftegaz”, , "subsidiary" of the top ten largest Russian oil company “Russneft”, for oil and gas in the Lyman- Gratchevsky field in the Rovensky district of Saratov region, “Saratovneftegaz” has informed on Friday.
The license is renewed up to 31st of December 2038. Prior to that its expiration date was ended on the 5th of December, 2014. OJSC “Saratovneftegaz” has become the part of NK “Russneft” in December of 2005. The company is a major user of mineral resources of the Saratov region, and provides oil and gas for the territory of 14 districts. Also “Saratovneftegaz” is conducting the production of raw hydrocarbons in Staropoltavskoye district of the Volgograd region.