RussNeft is going to increase its oil output to 20 million tons by the end of the year, reports AK&M. The news was told to the correspondents by President and main owner of the company Mikhail Gutseriev.
Oil Company RussNeft OAO and the Government of Khanty-Mansi Autonomous Region have concluded a cooperation agreement, reports the company’s press-service.
The agreement specifies priorities in the interaction between the Parties aimed at stable development of the regional economy and successful operation of the company’s subsidiaries in the area.
Since Oil and Gas Company RussNeft came into possession of Saratovneftegaz the scope of investments has increased coming to 900 million roubles which is more than by 60% higher as compared with the year 2005.
Oil Company RussNeft OAO has become the laureate in the 2005 Break-Through Nomination at the Personages of the Century Contest.
The contest was held for the sixth time by the Institute of Economic Strategies of the Russian Academy of Sciences and Economic Strategies Academic Journal, and according to the press-service of the company, the purpose of the contest was to choose the best samples of the strategic management in Russian business.