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Urals $111,67 per bbl.
Brent $112,17 per bbl.
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Every 30th ton of oil produced in Russia
Annual production of 13 ìln. tons of crude oil
Recoverable reserves of more than 600 ìln. tons
24  producing assets
1 transportation company
Active in 11 regions of Russia and the CIS
More than 13, 000 jobs

 



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August 2006

31.08.2006 "Tomskie novosti".  Sobolinoye is Growing  
For 7 months of 2006 production at ZAO Sobolinoye has been over 250 thousand of oil. These figures are the result of hard work. Though Oil and Gas Company RussNeft’s subsidiary is younger than two years old, the indicators, achieved in production and social area over this time are impressive. Around 800 thousand tons of oil are produced. Major part of production construction is fulfilled, around 10 thousand metres of deep wells are drilled, 4 new wells were put into operation, 4 are output from conservation, and total overhaul of 27 wells is fulfilled. Thanks to geological and engineering operations around 120 thousand tons of oil are produced additionally. The geological and engineering operations fulfillment resulted in a 7.2 million ton increment of oil reserves. Formidable amounts of funds are allocated to environmental measures, welfare programmes, charity. Despite of all the difficulties of the planned production decrease and severe winter, the company continues operating and is profitable. At the same time it achieves a range of relevant targets of new fields development. Valeriy Gabrielyan, general director of ZAO Sobolinoye, speaks of results and perspectives of company’s development.
30.08.2006 "SaratovBusinessConsulting".  Saratovneftegas Produced the 1 000 000 Ton of Oil  
On August, 27 on the threshold of Oil Industry Worker’s Day Saratovneftegas - a major subsoil user - was distinguished by having produced the 1 000 000th ton of oil from the beginning of the year. Today RussNeft’s Saratov subsidiary exceeds the production business target by over 1 200 tons.
29.08.2006 RIA Novosti.  Russian-Arab Business Council Joint Session Participants are to Discuss Directions of Trade and Economic Cooperation in St. Petersburg  
On September, 4-5 the 6th joint session of Russian-Arab Business Council (the RABC) will take place in St. Petersburg. The organizers point it out that over 20 heads of Chambers of Commerce and Industry of Arab countries, businessmen and presidents of leading Russian and foreign companies are invited to participate in the international forum. The Russian delegation of the forum will be headed by President of Chamber of Commerce and Industry of Russia Evgeniy Primakov and President of the RABC, Chairman of the Board of Directors of JSFC “Sistema” Mr. Vladimir Evtushenkov. President of Republic of Kalmykia Kirsan Ilumzhinov, President of Chechen Republic Allu Alkhanov, President of OAO Oil and Gas Company RussNeft Mikhail Gutseriev, Ministry of Foreign Affairs and Ministry of Economic Development and Trade of Russia representatives will join the Russian delegation as well.
22.08.2006 "Interfax".  RussNeft’s Consolidated Net Profit for 2005 Increased by 50% According to RAS, Revenue – by 2.8  
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.
22.08.2006 "Interfax".  RussNeft’s Unconsolidated Revenue for the First Half Year Increased by 2.1  
OAO Oil and Gas Company RussNeft head company’s revenues reached the point of 53.77 billion rubles in the first half year 2006 according to RAS (Russian Accounting Standards). It has increased by 2.1 against the index of January – July, 2005, company’s report says. The pre-tax profit has increased by 1.58 and reached the point of 11.4 billion rubles.
14.08.2006 "RosBusinessConsulting".  RussNeft and the Administration of the Ulyanovsk Region Signed a Schedule to the Cooperation Agreement  
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.
11.08.2006 “SaratovBusinessConsulting”.  A Skatepark to be Built at the Embankment  
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.
10.08.2006 "Russia".  Road to Cathedral Starts from Heart  
‘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
10.08.2006 "Nezavisimaya Gazeta".  New Cathedral in Udmurtia  
RussNeft Helped Construct another Church
09.08.2006 "Vslukh.Ru".  RussNeft Built a Cathedral  
OAO Oil and Gas Company RussNeft Constructed the Cathedral of Saint Matyr and Healer Pantheleimon in Udmurtia. President of Udmurtia Aleksandr Volkov, President of OAO Oil and Gas Company RussNeft Mikhail Gutseriev, outstanding representatives of public, cultural and religious life of the Republic took part in the ceremony of consecration and inauguration of the Cathedral.
02.08.2006 "Reporter".  “Rovesnik” – oasis of children’s happiness  
Children’s health camp “Rovesnik” marked its 20th anniversary on the 28th of July.
02.08.2006 "Vedomosti".  RussNeft Makes Loans in Russia  
Swiss trading company Glencore is not RussNeft’s largest creditor any longer. Sberbank has started acting as such. Last December it supplied Mikhail Gutseriev’s company $ 1 billion for a number of TNK-BP assets acquisition.
02.08.2006 "RosBusinessConsulting".  In Second Quarter of 2006 RussNeft Net Profit Increased by 15% - 4.2 Billion Rubles against First Quarter  
In the second quarter of 2006 OAO Oil and Gas Company RussNeft net profit has increased by 15% against the first quarter and reached the point of 4.190 billion rubles, company report says. During January-March a.c. RussNeft got the net profit of 3.635 billion rubles, having increased the indicator fourfold against the fourth quarter of 2005.
01.08.2006 “RCCNews”.  1.13 Million Tons of Oil Refined on the Krasnodar Refinery  
ZAO Krasnodar Refinery - Krasnodarekoneft has refined 1.13 mln tons of oil during the first half year. During the first half year the enterprise increased the production of naphta against that of last year by 60.4% - 240.8 thousand tons.

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