News

Head of RussNeft Gutseriev is Paving the Way to Northern Africa for Russian Companies

Russia and Algeria are open to cooperation, said the Co-Chairman of the Russian-Algerian Business Council, President of company RussNeft Mikhail Gutseriev, at the Council meeting held in Algiers.

The First Meeting of the Russian-Algerian Business Council Held in Algiers

Algiers, May 20, 2006 – RIA Novosti. Algeria is interested in attracting Russian investments in the country’s oil and gas industry, said Kamel Abdelrahim, Algerian Co-Chairman of the Russian-Algerian Business Council, summing up the results of the meeting of the Council.

Algiers, May 21, 2006 – RIA Novosti. Oil Company RussNeft OAO is going complete acquisition of new assets in Azerbaijan, Kazakhstan and Mauritania by the end of the year, head of the company Mikhail Gutseriev informed the reporters on Sunday. According to him, the company intended to buy new oilfields in the areas of its operation traditionally found in Eastern and Western Siberia.