Saratov Ministry of Natural Resources of the RF has extended the license of “Saratovneftegas (a company incorporated in NK “RussNeft” (RTS:RUSN)) for the right to use Mechetkinskoye oil and gas condensate deposit with the aim of oil and gas production up to May 31 2036, says the report of the company.
It is specified in the report that the license was issued to “Saratovneftegas” in April 1998.
“Saratovneftegas” is a company producing oil and gas in the Saratov and Volgograd regions.
As of April 1, 2011 “Saratovneftegas” was producing oil and gas condensate at 35 fields, 34 of them are under commercial development.
