October 2005

07.10.2005
The Republic of Komi and NK RussNeft OAO have concluded a cooperation agreement.
The document was singed on the 7th October in Moscow by Head of Komi Vladimir Torlopov and President of the oil company Mikhail Gutseriev, as Komiinform was said at the press-service of Komi’s government.

According to RussNeft’s press service, the agreement determines joint actions aimed at further development of mineral and raw materials sources of Komi, rational utilization of Komi’s natural resources, harnessing of Komi’s industrial and investment potential, implementation of innovation projects
The conclusion of the agreement shows readiness of the company to implement large-scale industrial and social programs in the region, pointed out the press-service.
*** NK RussNeft OAO is a vertically integrated oil holding company; it is placed among the ten first-rate oil and gas companies of the country. Total recoverable reserves of RussNeft exceed 600 million tons. Its total annual oil output has reached 15 million tons.


Source: "Komiinform"