Oil Prices (today)
Urals $112,39 per bbl.
Brent $112,69 per bbl.
Oil Prices (yesterday)
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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March 2007

30.03.2007 "Tomsky vestnik".  ZAO Sobolinoye is preparing intensive development of the southern group of fields  
Quotation of the day: Latest 40 years has clearly showed that without geologists – those romantic eccentrics – Russia’s development would have been impossible. Now as ever these people are most in-demand and required. One can hardly see a perspective of the country without their devotion and optimism. At the moment our company’s geological survey aims at extending substantially geological exploration and putting new fields into industrial exploration at the same time. Deputy general director for geology and fields development ZAO Sobolinoye Mikhail Gorodnikov
28.03.2007 "Saratovskaya oblastnaya gazeta".  RussNeft Provides Over 40% of Charity Support to the Region  
A meeting of Social Partnership Coordination Council under the Government of the Region has been held under the chairmanship of the governor Pavel Ipatov. The agenda included various issues – the results of welfare programs funding on the account of charity and sponsor donations in 2006, the termination of contracts formation with region’s industrial majors, the adoption of welfare priorities for 2007.
28.03.2007 "Mozaika".  The builders of Ulyanovsk cathedral exceeded the target.  
On March 28 The Governor of Ulyanovsk Region Sergey Morozov visited the temple under construction.
23.03.2007 "Interfax".  In 2007 “RussNeft” is Going to Increase Investments into Orenburg Region enterprises by 25%.  
Moscow, March 21, Interfax-ANI – In 2007 “RussNeft is going to invest into development of its subsidiaries in Orenburg Region – OAO “Orsknefteorgsintez”, OAO “Orenburgnefteproduct” and OAO “Neftemaslozavod” about 1,5 billion rubles which will exceed the investments volume of the last year by 25%.
22.03.2007 "Prime-TASS.  OAO “Oil and Gas Company “RussNeft” and the Administration of the Orenburg Region have signed a cooperation agreement.  
Moscow, March 21/ PRIME-TASS/OAO “Oil and Gas Company “RussNeft” and the Administration of Orenburg Region have signed a cooperation agreement in Moscow today. The ceremony of signing was performed by Governor of Orenburg Region Alexey Chernyshev and President of OAO “Oil and Gas Company “RussNeft” Mikail Gutseriev.
22.03.2007 "Energy and Industry of the RF".  “RussNeft” Takes Care of Upgrading of “Orsknefteorgsintez”  
In 2006 “RussNeft” invested in upgrading of its subsidiary OAO “Orsknefteorgsintez” (“ONOS”) more than 566 million rubles. The costs for replacement of worn-out equipment almost doubled in comparison with 2005 and amounted to about 353 million rubles.
21.03.2007 ‘Vedomosti-Samara’.  Mr. Gutseriev Stakes on Galoline  
‘’Russneft’ investment into ‘Orsknefetorgsintez’ may amount to 4 bln by 2010
15.03.2007 “Orskaya Khronika” .  Generous with Nature  
This year “Orsknefteorsintez” will spend 125 million rubles for ecology.
15.03.2007 IZVESTIA Udmurt Republic.  Alexandr Yemelianov Became a Two-Time Champion of Races in Karakulino  
It was for the seventh time that cross races of snowmobiles for prizes of OAO “Belkamneft” were held on the ice of the Kama near Karakulino. This year the races were dedicated to the 10th jubilee of “Belkamneft”, a leading enterprise of one of the top oil companies of Russia – Oil and Gas Company “RussNeft”. Like in previous years, traditional technical races turned to be a grand festival not only for the people of Karakulino, but also for numerous fans from the whole Udmurtia and neighboring regions.
14.03.2007 "Orskiy Vestnik".  OAO Oil and Gas Company ‘RussNeft’s’ Orenburg subsidiary OAO ‘Neftemaslozavod’ Celebrated its 65th Anniversary in February 2007  
OAO ‘Neftemaslozavod’ – a subsidiary of OAO Oil and Gas Company ‘RussNeft’ – Celebrated the 65th Anniversity of its operation in February 2007.
09.03.2007 "Interfax".  Belkamneft Production Up 7.1% in 2006  
OAO ’Belkamneft’ (OAO Oil and Gas Company ‘RussNeft’s’ subsidiary) produced 4 mln 4 361 thousand tons of oil in 2006. The rate has been increased by 7.1% against year 2005, company’s spokesman Olga Abramova said to ‘Interfax’.
06.03.2007 "Prime-TASS".  Parliament of Azerbaijan ratified the agreement on development of two oil fields in Absheron Peninsula with participation of “RussNeft”.  
Baku, March 6. /PRIME-TASS/ Parliament of Azerbaijan ratified today the agreement on development of the oilfields “Zykh” and “Govsany” at the South-West of Absheron Peninsula, signed November 2006 between State Oil Company of the country (SOCAR) and “RussNeft”. The participants under the project are: the Russian company – 75%, SOCAR – 25%.
06.03.2007 "Interfax".  Parliament of Azerbaijan Ratified the Rehabilitation, Development and Production Sharing Agreement jn Zykh-Govsany block between SOCAR and “RussNeft”  
Milli Majlis (Parliament) of Azerbaijan ratified Tuesday the agreement between State Oil Company of Azerbaijan Republic (SOCAR) and OAO Oil & Gas Company “RussNeft” ùò rehabilitation, development and production sharing on Zych-Govsany block of oilfields, says the correspondent of “Interfax-Azerbaijan” agency who attended the meeting.
05.03.2007 "Oren.Ru".  Summing up the Results of Activity of OAO “Orsknefteorgsintez” in 2006.  
A subsidiary of OAO Oil and Gas Company “RussNeft”, OAO “Orsknefteorgsintez” has summed up its activity in the field of implementation of production, social and ecological programs in 2006.
05.03.2007 "Uralinformburo".  “Aganneftegazgeologia” confirmed its high social efficiency.  
NIZHNEVARTOVSK DISTRICT, KMAA. OAO MPK “Aganneftegasgeologia”, a subsidiary of Oil and Gas Company “RussNeft”, was awarded Certificate of Honor of the VI All-Russian contest “Russian Organization of High Social Efficiency”.
01.03.2007 "News of the Ob River Basin".  Course for development GOLD POOL OF AGANNEFTEGASGEOLOGIA  
Nowadays Roslavl is the most promising oil field of OAO MPK “Aganneftegasgeologia”, a subsidiary of OAO Oil and Gas Company “RussNeft”. Its development began in 2000. During a short period the company has achieved high results: today production of the oilfield amounts to 2 000 tons of oil peer day. At present Roslavl oilfield counts 6 multiple well platforms, 58 functioning wells, 18 of which are injection ones and 2 wells are working in maintaining reservoir pressure mode. The very first well of the oilfield, P-11, drilled in 1988 by G.Odintsev’s brigade, is still functioning. In fact, it was the pioneer of the new oilfield, and a memorial stela is erected in its honor.
01.03.2007 "Interfax".  RussNeft Allocated 566 mln Rubles into Orsknefteorgsintez Modernization in 2006  
Moscow. March, 1.INTERFAX-NAI – Oil and Gas Company RussNeft allocated over 566 mln rubles into modernization of its subsidiary OAO Orsknefteorgsintez (ONOS), oil refinery report says.
01.03.2007 "SaratovBusinessConsulting".  RussNeft Oil Welfare Foundation 1st Activity in Saratov Region  
On March, 2 an inauguration of Volga federal district kickboxing championship at Sport and Recreation Center ‘Zvezdniy’ will take place. The motto of the contest is ‘Healthy live-style in healthy environment’. The contest is organized by Federation of Kickboxing of the Volga Federal Region. The tournament will last till March, 4, over 300 strongest sports persons from the Volga region will participate in it. The sponsors of the championship are OAO Saratovneftegaz and RussNeft Welfare Foundation. It is the first large-scale welfare event held by the Foundation in the Saratov region.

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