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RussNeft to Boost Oil Output.

06.05.2005 "Vedomosti"

Before the end of this year RussNeft intends to boost the oil output over the Penza region in five times bringing it to 1 million tons of crude oil.

Before the end of this year Russneft intends to boost the oil output over the Penza region in five times bringing it to 1 million tons of crude oil, as was promised by NK RussNeft OAO President Mikhail Gutseriev during his meeting with the local Governor Vasily Bochkaryov. “The Company is ready to invest in geological explorations in-corpore,” emphasized Gutseriev.

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