News

Authorities of any region having no refinery dream about getting one. Everyone knows that such enterprises are usually the biggest tax payers in the regions of their operation. The Bryansk region is no different. According to Interfax, yesterday the industrial committee of the local Duma approved the project of RussNeft on the construction of a refinery in the region with a capacity of 6 million tons of crude oil a year and construction budget exceeding 50 billion rubles.

Federal Service for Financial Markets, or FSFM, registered the report on the results of the debut bond issue of RussNeft OAO by a resolution dated December 12, 2005. The information was conveyed in a statement of FSFM.

Industry deputies have given approval to oil company RussNeft to build a refinery in the area of Zhecha station. This issue was discussed at a meeting on January 12. The decision came as a result of the study of seven volumes of the project documents submitted by RussNeft and the visit to the area of Zhecha station where the already existing oil loading terminal functions.

President and co-owner of medium-scale oil company RussNeft Mikhail Gutseriev promises to transform it into an oil major with 100 million tons of annual oil production. And the time limit for this transformation has already been set, it’s “the whole life”.

NK RussNeft OAO is planning to cover 25% of the petroleum products retail market in Moscow and its province within 3 years by increasing the number of its retail outlets from 102 currently to 200. According to AK&M, the information was given by RussNeft President Mikhail Gutseriev.