RF Ministry of Natural Resources has extended exploration and mining license for "Saratovneftegaz" within the bounds of Radishchevskoye-Gartovskoye oil and gas field up to 2038.

It will be recalled that the license for exploration and mining within the bounds of Radishchevskoye-Gartovskoye oil and gas field was given on April 10, 1998.
ОАО "Saratovneftegaz" is one of the biggest extractive enterprises of "Russneft". Today the enterprise, being the major subsurface user of the Saratov Region, secures oil and gas production on the territory of 14 regions; besides it recovers raw hydrocarbons in Staropoltavsky District of the Volgograd Region. The production capacity in 2007 exceeded 1.46 tons of oil. The number of employees in "Saratovneftegaz" and its subsidiaries is more than 4 thous.
According to the data from IPS "DataCapital" the net profit of "Saratovneftegaz" by RAS  for January - September 2008 increased by 1.7 % - up to 1.241 bln Rubles from 720.035 mln a year earlier, the revenue - by 26% - up to 8.498 bln Rubles from 6.736 bln Rubles, the gross profit - by 29%  - up to 1.888 bln Rubles - from 1.463 bln Rubles, pretax profit - by 60%  - up to 1.678 bln Rubles from 1.047 bln Rubles, the sales profit - by 33% - up to 1.642 bln Rubles from 1.236 bln Rubles.