RussNeft Turns Large-Scale Investments to Social Projects in Chechnya.

RussNeft is turning about $12 million to the implementation of social projects in the Republic of Chechnya in the framework of the cooperation agreement with the administration of the Republic, as Prime-TASS was advised at the administration of the Republic.
The means will also be used to build a school for 540 pupils in Grozny. The construction of the school is to be finished by the 1st of September 2005. The social support plan covers as well donation of 70 ambulance cars to the Health Ministry of the Republic. Prime-TASS was also informed at the administration of Chechnya, that a street in the village of Goity of the Urus-Martanovsky district of Chechnya was named after Mikhail Gutseriev. The decision was made at the gathering of the Goity elders as an acknowledgement of the businessman contribution in the revival of Chechnya.
RussNeft comprises 25 producing, refining and transport enterprises, an up-to-date retail network of petrol stations found in 13 regions of Russia and CIS. The company’s total recoverable reserves exceed 600 million tons, the annual production volume being 11.5 million tons.