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RussNeft to Sign Cooperation Agreement with Saratov Region in the Nearest Future

18.01.2006 "Prime-TASS"

Oil Company RussNeft OAO plans to sign a cooperation agreement with the Saratov region in the nearest future of which is reported in the statement of the company on the result of the meeting between Governor of the Saratov region Pavel Ipatov and RussNeft President Mikhail Gutseriev.

RussNeft intends to increase its oil production volumes in the region, pointed out M.Gutseriev. “We’ve discussed issues pertaining to investments, taxes and social programs. Their level will be higher than that agreed with the previous company, TNK-BP,” said President of RussNeft.
The Governor of the Saratov region P.Ipatov attached much importance to the incoming of RussNeft to the Saratov region.
In the structure of RussNeft there are 30 producing entities, 3 refineries, 2 transport companies, and a modern retail network of gas-filling stations comprising 300 retail outlets. The enterprises of the company are found in 17 regions of Russia and CIS. The total recoverable reserves of RussNeft exceed 630 million tons. Its annual oil production has reached 17 million tons.

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