News

Oil Company RussNeft OAO has transferred 51% stake at the Udmurt National Oil Company, or UNOC, to its balance sheet, RussNeft says in a statement. On March 2nd the company’s share in the capital stock of UNOC increased from 0% to 51%. Before that the above stake was not in the company’s direct possession.

Oil Company RussNeft OAO has transferred in March 51% stake at the Udmurt National Oil Company and NGDU (Field Office) Penzaneft OAO to its balance sheet, the company reported in a statement.

Businessmen of the two countries agreed to collaborate the day before Vladimir Putin visited Algeria

Russia and Algeria signed in Algiers the agreement on creating the Algerian-Russian Council to function under the aegis of the Commerce and Industry Chambers of the two countries. The press-service of Oil Company RussNeft reports the document was signed by the Co-Chairmen of the Council, RussNeft President Mikhail Gutseriev representing Russia and Kamel Abdel Rahim representing the People’s Democratic Republic of Algeria.

Russia and Algeria have concluded an agreement to create the Russian-Algerian Business Council which will function under the aegis of the Commerce and Industry Chambers of the two countries. The document was signed by Kamel Abdel Rahim, the Co-Chairman of the Council to act on behalf of the People’s Democratic Republic of Algeria, and President of Oil Company RussNeft OAO Mikhail Gutseriev, the Co-Chairman of the Council to act on behalf of the Russian Federation.