News

Saratov. OAO Saratovneftegas, a subsidiary production enterprise of OAO NK RussNeft, has put into operation storage facility for industrial waste products with a high content of natural radionuclides of II category (oil sludge, contaminated soil, etc.).

Moscow. NK RussNeft’s (RTS: RUSN) Annual General Meeting of Shareholders is scheduled for June 28, the Company said in a statement. The Meeting’s agenda includes approval of the annual report, annual financial statements, distribution of profit based on the results of financial year 2011, election of the members of the board of directors, the members of the Auditing Committee, approval of an auditor.

Moscow. In Q1 NK RussNeft’s (RTS: RUSN) revenue increased by 16.6% and made $1.4 bln, the Company said in a statement. OIBDA grew by 33.4% to $ 468 million. The debt of RussNeft has decreased from $ 5.061 billion to $ 4.957 billion.

Khanty-Mansiysk. By June 20212 RussNeft to reach comprehensive associated petroleum gas utilization level at Shapshinskaya group of fields /Khanty-Mansiysk Autonomous District/. This was announced about during the press-conference devoted to commissioning of APG processing plant.

Knanty-Mansiysk. RussNeft (PTC: RUSN) in 2012-2013 plans to invest $200 million in the realization of a program aimed at achieving a 95% level of associated petroleum gas utilization at all oilfields, said the Company’s Vice-President for geology, development and gas projects Andrey Shegimago to journalists.