OAO Oil and Gas Company RussNeft’s consolidated net profit has increased by 50% - 6.49 billion rubes in 2005 against 2005 according to Russian Accounting Standards (RAS), company’s quarterly report says.
President of OAO Oil and Gas Company RussNeft Mikhail Gutseriev and the governor of the Ulyanovsk region Sergey Morozov have signed a schedule to the cooperation agreement for 2006, oil company’s press service reports. The document provides RussNeft participation in welfare projects of the region.
Following the agreement of cooperation signed between local administration and “RussNeft” the company have within 7 months assigned about 35 million rubles to social programs in the region. On the whole this year the oil company is planning to spend more than 40 million rubles on charities. The projects are to be implemented in 14 districts.
‘Russia will rebirth when bell-ringing from a small village is taken up by all the settlements and large cities follow them.
And Malinovii Zvon will bestow God’s grace on our country…’
Mikhail Gutseriev, President of Oil and Gas Company RussNeft
