News
RussNeft pushes forward
Moscow. RussNeft, by means of tough economy, intends to pay off its debts three years ahead of time – by 2017. But it will be hard for the Company to increase production having investments of $500 million per year, experts warn. RussNeft approved a strategy that provides for redemption of all debts (summing currently up to $4.8 billion) by 2017 given the oil price of $90/barrel, Mikhail Gutseriev, President and owner of 49% of the Company, stated.
RussNeft adopted development strategy until 2017 with annual investment amount up to $ 500 million.
Bethlehem, Palestine. ОАО RussNeft, ranking 10th among largest oil companies of Russia, has adopted the development strategy until 2017 with annual investment amount no greater than $ 500 million, said Mikhail Gutseriev, the President and the co-owner of the Company.
The debt of RussNeft to decrease to $ 4.3 bln by the end of 2012
Bethlehem (Palestine). By the end of 2012 the debt of RussNeft (RTS: RUSN) will decrease to $4.3 bln, by 2017 the Company is going to pay off its debts in full with the oil price of $ 90 p/b, RussNeft President Mikhail Gutseriev said.
Russian Center of Science and Culture is open in Bethlehem with the support of NK RussNeft.
Bethlehem. On June, 26, the opening ceremony of the Russian Center of Science and Culture (RZNK) was held in Bethlehem (The Palestinian Authority) built on the initiative of the Imperial Orthodox Palestinian Society and with the support of OAO NK RussNeft.
Aganneftegasgeologiya and Mokhticneft signed a cooperation agreement with Nizhnevartovsk administration
Nizhnevartovsk region, KhMAO. Aganneftegasgeologiya, Mokhticneft (subsidiary enterprises of NK RussNeft) and Administration of the city of Nizhnevartovsk signed social and economic cooperation agreements for 2012.