Investments of "Belkamneft" in 2008 grew 9.5 times up to 2 289 billion rubles

In particular, the company's expenditures for drilling grew up to  737.6 million rubles from 423.3 million rubles, for construction - up to 1.097 billion rubles from 651.3 million rubles. According to the report, among the projects, strategically important for the company in 2008 there may be named construction of a subwater oil pipeline "Viatka - Ashit", an oil trap at the river Kambarka, oil treatment unit "Yuski", oil sludge utilization units at the production base "Viatka". The investment program for 2009 provisions further reconstruction of production facilities of the plant, drilling of new wells. In 2009 the plant will implement the projects of reconstruction of preliminaty water removal unit (PWRU)"Viatka, PWRU "Bygi", construction of PWRU "Pogranichnoye". It is planned to assign more than 105 million rubles for drilling of 5 oil wells at  the Central oilfield.
OAO "Belkamneft" is a subsidiary of OAO NK "RussNeft". The company was incorporated on April 30 1997 as ZAO "Belkamneft". In 1998 reorganized as OAO.