NK RussNeft OAO intends to become an international company within 10 year with extraction volumes ranging from 60 to 80 thousand tons of crude oil per year. It was announced by RussNeft President Mikhail Gutseriev at the press conference in the town of Zhecha in the Bryansk region.
Mikhail Gutseriev's RussNeft has found a way to increase its crude oil export. The Company has constructed a railway oil loading terminal not far from Russia’s border with Byelorussia. The terminal transshipment capacity is 5 million thousand tons of crude per year.
NK RussNeft OAO has applied to RF Federal Antimonopoly Service (FAS) for permission to purchase Multitype Company Aganneftegasgeologiya OAO and Tomskaya Neft ZAO.
One of the streets in the village of Goity in the Urus-Martanovsky district of Chechnya has been named after the well-known Russian businessman Mikhail Gutseriev. The decision was taken at the gathering of the elders in the village of Goity as an acknowledgement of the contribution of Russia’s businessman in the revival of Chechnya. In April 2004 NK RussNeft OAO and the authorities of the Republic of Chechnya signed a cooperation agreement specifying large-scale support on the part of the company in tackling the most difficult social issues of Chechnya.