Saratov. The Ministry of Natural resources of the Russian Federation prolonged until the end of 2071 the license of OAO "Saratovneftegas" for the right of subsoil use with the aims of exploration, oil, gas, gas condensate and associated components produciton within the borders of Vasnetsovskoye oilfield. The company received the written confirmation of the licensing authority on June 25.
The license was originally issued in July 2004.
Saratovneftegas" - a subsidiary of OAO NK "RussNeft" - is the largest upstream company of the Saratov Region. The company is developing 43 oilfields at the territory of 14 districts of the Saratov Region as well as in Staropoltavsky district of the Volgograd Region.
