26.04.2017

MOODY’S UPGRADES RUSSNEFT’S RATING TO B1 FROM B2 AND CHANGES OUTLOOK TO POSITIVE FROM STABLE

RUSSNEFT INTENDS TO INCREASE THE INVESTMENTS BY HALF UP TO 25.7 BN RUB. IN 2017

21.02.2017

The Company reports, Business Plan for 2017 involves amending production structure for marginality increase.

“Activities on production structure optimization will allow to increase oil production after lifting the restrictions related to the agreements with OPEC countries on production output reduction”, RussNeft says.

RussNeft is among the Top-10 major oil companies within the oil production in Russia. The Company has the portfolio of assets in Russia and key oil and gas bearing regions (West Siberia, Volga and Urals region and Central Siberia) as well as in Azerbaijan. The amount of 2P resources of the Company exceeds 200 mln tons (SPE).

RNS