Following the results of H1 2017, the capital investments of PJSC “RussNeft” into the fields infrastructure increased up to 4.7 billion rubles which is three-fold against the previous year figure, the company stated.
PJSC “RussNeft” will increase the annual oil production 2-3% if Russia decides to smoothly pull out of the OPEC oil production cut agreement, Mikhail Gutseriev, a co-owner of the company said.
RussNeft is planning to produce a million and a half tonnes of oil from Achimov deposits, reserves of which are categorised as hard-to-recover ones, the Company said to Rambler News Service.
At the Annual General Meeting, PJSC “RussNeft” shareholders approved payment of dividends on the preference shares for 2016 in amount of $0.40803 per share, according to Interfax report from the meeting.
Aganneftegazgeologiya, subsidiary of PJSC “RussNeft”, will allocate RUB 100 million for implementation of environmental measures under the Ecology Year program.