Russneft works in six areas of the Ulyanovsk oblast, namely Nikolaevsky, Novospassky, Melekessky, Cherdaklinsky, Novomalyklinsky and Radischevsky districts. According to the Company’s Public Relations Service 2004 total production volume of the Ulyanovsk group, including Ulyanovskneft OAO, SP Nafta-Ulyanovsk ZAO, Nefterazvedka OAO, exceeded 600 thousand tons of crude oil. In 2005 the Ulyanovsk group will bring its oil production to 800 thousand tons, and in 2006 to 1.2 million tons of crude oil. On average in 2005 Russneft’s Ulyanovsk group is going to increase its oil production by 30 percent as compared with the last year.
