News
RussNeft Needs a Refinery.
Oil Company RussNeft keeps on growing muscles. The big oil loading terminal initiated lately in the Bryansk oblast has secured relative independence of the Company from Transneft. Presently the Company is thinking about further increase of its crude oil extraction and acquisition of a refinery. It will make RussNeft a complete vertically integrated company of the Vertically Integrated Oil Complex.
RussNeft to Buy a Refinery.
NK RussNeft is planning to buy oil refining assets by the end of 2005 as was stated by the Company President Mikhail Gutseriev at a press conference.
RussNeft, the Fastest Growing Oil Company in Russia, to Expand its Export.
NK RussNeft OAO, the fastest growing oil company in Russia, is going to double its production volumes and bring them to a level of 400 000 barrels per day. The Company also plans to export the most part of its crude thus balancing the slow-down of crude oil production that occurred after the government cracked down Yukos.
The Border Terminal to Help RussNeft.
NK RussNeft OAO has put in operation a five-million-ton-capacity oil loading terminal in Bryansk. Crude oil is to be pumped from the oil pipeline into railway tank-cars and transported by railway to Mozyr and Novopolotsk refineries (Byelorussia), Baltic States and Eastern Europe.
Gutsriev Cuts a Window to Europe.
Mikhail Gutseriev's RussNeft has found a way to increase its crude oil export. The Company has constructed a railway oil loading terminal not far from Russia’s border with Byelorussia. The terminal transshipment capacity is 5 million thousand tons of crude per year.