News
OAO VARIOGANNEFT IS READY FOR THE NEW HEATING SEASON
Raduzhny. RussNeft subsidiary OAO Varioganneft allocated above 3 mln rubles to the activities targeted at preparation for the new heating season 2016-2017.
NEW BEAM PUMPING UNITS ARE IN OPERATION AT THE OILFIELDS OF ULYANOVSKNEFT
Ulyanovsk. OAO Ulyanovskneft, the subsidiary of Russneft, has acquired 20 beam pumping units, not used in the operations, from OAO Varioganneft (also incorporated into RussNeft Holding) with the goal of upgrading the equipment stock of Ulyanovskneft.
SPLIT-UP OF RUSSNEFT SHARES
RussNeft splits up its shares reducing the share nominal 2000 fold and increasing the number of shares. This will be more convenient for investors including private ones in case of IPO.
RUSSNEFT WILL INCREASE THE SHARE OF THE HARD-TO-RECOVER RESERVES
Moscow. Within 20 years, the Company expects to produce about 20 million tons of oil considered hard-to-recover.
RUSSNEFT INCREASES THE GAS PRODUCTION
Moscow. RussNeft has become the leader on the gas production growth rate in the 9 months of 2016 among the independent producers of the Russian Federation: its production has grown 28% up to 1.814 bcm.