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RussNeft Can Attract Funds to Develop Two Oilfields

01.12.2005 "Oil and Gas Vertical"

RussNeft can obtain credits amounting to $50-90 million each to construct field facilities at the Sredne-Shaptinskoye and Yuzhno-Kalinovoye oilfields.

The news was told to AK&M by RussNeft Vice-President on Economics and Finances Olga Prozorovskaya. 
According to her, presently the company is considering a number of projects on increasing oil output and constructing field faculties to be done at its existing oilfields. She pointed out that of them all the most promising are Aki-Otyr’s Sredne-Shaptinskoye and Varieganneft’s Yuzhno-Kalinovoye oilfields. These projects can be implemented in 2006; each of them costs $50-90 million.
O.Prozorovskaya informed that the decision regarding the loan could be made only under the terms of project financing.

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