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PJSC “RUSSNEFT” INCREASED THE CAPITAL INVESTMENTS INTO THE INFRASTRUCTURE 3.2 TIMES UP TO 4 BILLION RUB FOLLOWING THE RESULTS OF THE 4 MONTHS OF 2017

16.05.2017 RIA Novosti

MOSCOW. The capital investments of PJSC “RussNeft” into the fields development infrastructure increased 3.2 times up to 4.014 billion RUB in January-April against the same period of 2016, according to the company’s statement.

Fourteen new well pads were constructed and handed over for drilling equipment installation, construction of 119.2 km of pipelines was completed. The construction and installation works are performed under the program for development of Tagrinskoye, Verkhne-Shapshinskoye, Sredne-Shapshinskoye, Roslavlskoye, and Poselkovoye fields, as stated in the company’s press-release.

PJSC “RussNeft” ranks among the top-6 largest 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 million tonnes. The number of the company’s employees is around 10,000.

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