RussNeft will increase its oil output in Udmurtia. This news was communicated yesterday by head of the company Mikhail Gutseriev in Izhevsk. This is to remind that here it was held a signing ceremony at which a 2006 cooperation agreement was concluded between the company and the leadership of the Republic. Implementation of the company’s production projects will allow increasing its oil output up to 4 million tons in 2006 as was pointed out by Mikhail Gutseriev during the signing of the agreement. This year RussNeft’s oil output in Udmurtia has reached 3.7 million tons.
At the signing ceremony head of the Republic Alexander Volkov pointed to the impressive development rates of the holding company the interaction with which allowed to successfully tackle major issues of the Republic’s social and economic development. As RussNeft’s public relations service informs the cooperation agreement between the oil company and the Government of the Republic of Udmurtia determines priority guidelines in the interaction between the parties aimed at stable development of the local economy, improvement of the investment climate, creation of favorable conditions for tackling social problems of Udmurtia.
