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ORENBURG, May, 4 - RIA Novosti. In 2008 ОАО "Orsknefteorgsintez", the largest oil refinery in the Orenburg Region, is going to increase capital investments by 1,5 times in comparison with the last year - to 1,75 bln. Rubles, as it is said in the report of the plant.

Orenburg. April, 29. INTERFAX-VOLGA REGION- According to the Company’s report, following the results of 2007 ОАО "Orenburgnefteproduct" (a subsidiary of NK "RussNeft") is going to pay out dividends only on preferred stocks in amount of 76,78 Rubles for the par value stock in amount of 0,5 Rubles.

Orenburg. April, 29. INTERFAX-VOLGA REGION - According to the Company’s report, at the annual meeting, on April 18, the shareholders of OAO "Neftemaslozavod" made a decision to direct 90 % of net profit for 2007 in amount of 177 mln 328,86 thous. Rubles for the development .

The second extention of flotation was brought into operation at "Orsknefteorgsintez". For realization of the project "RussNeft" Company has spent about 70 mln Rubles. New equipment will significantly improve the quality of sewage waters, which the plant throws off onto the disposal facilities of the town.

ОАО MPK "Aganneftegazgeologia", a subsidiay of NK "RussNeft", implements on its license areas an ambitious program of exploitation drilling. Another subsidiary of the Holding, OOO "RussNeft-Bureniye", will be the general drilling contractor. The bulk of drilling works will be carried on at Vostochno-Roslavlskoye area of Roslavlskoye oilfield. Geological exploration opened up new vistas of this oilfield. In 2008 thanks to new wellsites the oil workers are going to produce 600 thous. tons of hydrocarbon, that will make up more than 30 % of the annual business plan of the enterprise.