News

Geological exploration helped to revive Chernogorskoye oilfield

Orenburg, May 29. INTERFAX – OFO “Orsknefteorgsintez” , a subsidiary of Oil and Gas Company “RussNeft” increased stock feed processing in January-April of this year by 21%, as compared with the analogous period of the last year – up to 1 million 683 thousand tons, as “Interfax” was informed at the plant.

Beliye Nochi, OOO, Oil and Gas Company RussNeft’s subsidiary plans to allocate 668 mln rubles to geological exploration at Company’s fields in 2007. This amount exceeds similar rates for the last two years – 2005-2006 - ten-fold, RussNeft press service said. The major part of the funds will be invested into drilling of six exploration wells and also seismic operations.

The XX Sobinov Musical Festival will be inaugurated today in the Opera and Ballet Theatre and will last till May, 30. The artistic director of the festival is the laureate of the State premium of the RF, People’s Artist Yuri Kochnev. The tradition to hold opera festival in Saratov each spring was founded in 1986. The festival was named after the great Russian tenor Leonid Sobinov, who performed in Saratov on tours in 1910-1929, being at the pick of his carrier.

Orenburg. May, 16. INTERFAX – Orsknefteorgsintez, OAO (Oil and Gas Company RussnNeft subsidiary) plans to allocate 1 bln 279.3 mln rubles to modernization of production until the end of 2007, company report says. It is planned to allocate both own and loan funds to modernization.