News

JSC “Belkamneft” controls the lion’s share of oil production in Udmurtiya, last year it produced 2,5 million tones of oil. In the end of 2003 holding “RussNeft” became the principal owner of “Belkamneft”. “RussNeft” owns another oil producing company in the region – JSC ‘Ulyanovskneft”.

Mikhail Gutseriev and Robert Dudley are pronounced winners of the annual “Best managers of the year” contest in “Fuel and gas industry” section. They were rewarded by the jury in appreciation of high production and financial indicators of the holdings, effective realization of complex projects.

“RussNeft’s” oil producing subsidiaries in Khanty-Mansiysk region region increased production by 6,7% (up to 1 million and 616,209 thousand tones) from January to September of 2004 as compared with the same period of last year. This information is taken from the report, prepared by Division of Oil, Gas and Mineral resources of the Government of Chanty-Mansiysk region.

Yesterday evening corporation “Sistems” announced closing of the deal of selling all its oil assets for $ 288,5 mln. The buyer was “RussNeft”, which by means of this acquisition increased its annual oil production form 3 million tones up to approx. 6 million tones.

Moscow. JSC “RussNeft” closed the deal of buying oil producing assets of corporation “Sistema”. The deal includes 50% of shares of JSC “Ob’edinennaya neftyanaya companiya” (ONK, Moscow), JSC “Sistema-Neft” (Moscow), limited company “Consortium K-12” (Igevsk, Udmurtiya), limited company “Baykal-Oil” (Agidel, Bashkortostan).