OAO ’Belkamneft’ (OAO Oil and Gas Company ‘RussNeft’s’ subsidiary) produced 4 mln 4 361 thousand tons of oil in 2006. The rate has been increased by 7.1% against year 2005, company’s spokesman Olga Abramova said to ‘Interfax’.
Milli Majlis (Parliament) of Azerbaijan ratified Tuesday the agreement between State Oil Company of Azerbaijan Republic (SOCAR) and OAO Oil & Gas Company “RussNeft” щт rehabilitation, development and production sharing on Zych-Govsany block of oilfields, says the correspondent of “Interfax-Azerbaijan” agency who attended the meeting.
Baku, March 6. /PRIME-TASS/ Parliament of Azerbaijan ratified today the agreement on development of the oilfields “Zykh” and “Govsany” at the South-West of Absheron Peninsula, signed November 2006 between State Oil Company of the country (SOCAR) and “RussNeft”. The participants under the project are: the Russian company – 75%, SOCAR – 25%.
