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“RUSSNEFT” TRIPLES ITS CAPITAL INVESTMENTS IN CONSTRUCTION OF FIELD FACILITIES IN JANUARY-FEBRUARY

13.03.2017 RIA Novosti

MOSCOW. Following the performance results for the first two month of 2017, PJSC “RussNeft” has expanded its infrastructure construction capital investments 3.3-fold compared to the previous year, having reached 1.641 billion RUB, according to the Company`s press-release.

“7 new well pads have been constructed and handed-over for installation of drilling equipment, while 64.1 km of pipelines and 30 km of motor roads were built. Construction and installation works are performed under the operation program for development of Tagrinskoye, Verkhne-Shapshinskoye, Sredne-Shapshinskoye, Roslavlskoye and Poselkovoye fields”, the press-release said.

PJSC “RussNeft” ranks among the six largest Russian oil companies by crude oil production in Russia. The Company possesses a well-balanced portfolio of assets located in key Russian oil&gas provinces (West Siberia, Volga-Urals and Central Siberia) as well as in Azerbaijan. Total 2P reserves of the Company exceed 200 mln tons (SPE). The number of the Company’s personnel is around 10,000 employees.

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