News

NK RussNeft OAO is going to raise its oil output in the Ulyanovsk region up to 800 thousand tons in 2005 and 1.1 million tons in 2006. The statement was made at a meeting between head of the regional administration Sergey Morozov and the company chief Mikhail Gutseriev, the regional administration press-service said in a statement on Tuesday.

In the end of 2004 there appeared informal news in the press that Belkamneft OAO had come into possession of Udmurt National Oil Company. Last Monday Belkamneft General Director Vladimir Ignatko told information agency ‘Den’ about the prospects for development of the new asset and Belkamneft plans for the next two years.

RussNeft President Mikhail Gutseriev has donated 36 ambulance cars to the Health Ministry of Chechnya. It is of great help to the public protection sphere in which there is acute shortage of transport.

RussNeft has acquired new assets for the last several months having increased its annual oil production by 1.7 million tons, said a top manager of the company.

Prize-winners of annual “Company of the Year-2004” premium are defined. The premium determines leading Russian companies, which achieve significant production and financial success in this year.