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Oil and Gs Company RussNeft Meets its Financial and Social Obligations to the Ulyanovsk Region

Under the cooperation agreement that was signed by the governor of the Ulyanovsk region Sergey Morozov and president of oil and gas company RussNeft Mikhail Gutseriev on April, 19 2005, in July-December 2005 RussNeft’s subsidiaries OAO Ulyanovskneft and ZAO Joint Venture Nafta-Ulyanovsk, operating in the region, allocated profit tax of over 240 million rubles to the regional budget and for ten months of 2006 this sum has exceeded 285 million rubles. Mineral Extraction Tax of company’s subsidiaries for nine months of 2006 has been around 60 mln rubles.
21.11.2006 Official web site of Ulyanovsk Region governor and government

ОАО “Orsknefteorgsyntez” in January- October increased stock refining by 31.6 % up to 3863K tons.

Moscow, November 21 /PRIME-TASS/ OAO “Orsknefteorgsyntez” (orfe)/ Orsk, Orenburg District/ increased oil stock refining in January-October, 2006 by 31.6 %, up to 3863 thousand tons as compared with that period of the past year, as the administration of the refinery informed PRIME-TASS.
21.11.2006 "PRIME-TASS"

RussNeft finds unjustified charges of having exceeded the limit of oil production by a number of its subsidiaries.

OAO Oil and Gas Company RussNeft finds unjustified the results of financial and operational verification of a number of its subsidiaries, company’s press service report runs.
16.11.2006 "RosBusinessConsulting"

President of RussNeft Mikhail Gutseriev has had a meeting with President of Udmurtia Alexander Volkov.

As a result of the negotiation an agreement on cooperation has been signed; it will enable to carry out a range of welfare projects in the republic. First and foremost, to fund the construction of an oil department of the Udmurt State University.
10.11.2006 TV "Udmurtia"

RussNeft Sponsors Kickboxing Second Open Cup of Russia among Clubs

On November, 9 the competition of kickboxing second open Cup of Russia among clubs was launched at Zvezdniy. The general sponsor of the contest is Saratovneftegaz (RussNeft’s subsidiary).
09.11.2006 "Saratovbusinessconsulting"