News

A meeting of Social Partnership Coordination Council under the Government of the Region has been held under the chairmanship of the governor Pavel Ipatov. The agenda included various issues – the results of welfare programs funding on the account of charity and sponsor donations in 2006, the termination of contracts formation with region’s industrial majors, the adoption of welfare priorities for 2007.

Moscow, March 21, Interfax-ANI – In 2007 “RussNeft is going to invest into development of its subsidiaries in Orenburg Region – OAO “Orsknefteorgsintez”, OAO “Orenburgnefteproduct” and OAO “Neftemaslozavod” about 1,5 billion rubles which will exceed the investments volume of the last year by 25%.

Moscow, March 21/ PRIME-TASS/OAO “Oil and Gas Company “RussNeft” and the Administration of Orenburg Region have signed a cooperation agreement in Moscow today. The ceremony of signing was performed by Governor of Orenburg Region Alexey Chernyshev and President of OAO “Oil and Gas Company “RussNeft” Mikail Gutseriev.

In 2006 “RussNeft” invested in upgrading of its subsidiary OAO “Orsknefteorgsintez” (“ONOS”) more than 566 million rubles. The costs for replacement of worn-out equipment almost doubled in comparison with 2005 and amounted to about 353 million rubles.

‘’Russneft’ investment into ‘Orsknefetorgsintez’ may amount to 4 bln by 2010